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Corporate
Presentation
FY-2024
P T BA NK N E GA R A I ND O N ES I A ( PE R S E RO ) T BK .
J akarta , 2 2 J anu ary 2 02 5
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Table of Contents
◎ Management Highlights 03
◎ Macroeconomics Highlight 11
◎ Financial Performance 17
Highlighted Results 18
Balance Sheet Highlight 20
Profit or Loss 21
Loan Composition 22
Loan Disbursement 4Q-2024 23
Third Party Fund 24
Liquidity (LCR, NSFR & LDR Ratios) 25
Fee Based Income (FBI) 26
Operating Expense (OPEX) 27
◎ Asset Quality 28
Loan at Risk 29
LAR by Segment, Write Off & Recovery 30
NPL Formation & Write off Vintage 31
Sufficient Provisioning in line with risk appetite 32
LAR, NPL & Provision Coverage trend 33
◎ Digital Initiatives 34
◎ Business & Consumer Banking 41
◎ ESG 44
◎ About BNI 54
◎ 5 Years Financial Data 66
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Management Highlight
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
Resilient Q4 while stay focused on quality growth
Strong PPOP Savings & Loan NIM still a challenge
9.5 257.5 775.9 Strong Savings
4.58
8.7
Record high quarterly growth of +11.0% 4.24
Despite intensifying
695.1 YoY, and quality 2.69
funding competition, Q4
4.5 PPOP of IDR 9.5Tn
4.3
(+9.3% YoY) driven by 232.0 loan growth of 2.19
NIM was still inline with
business growth and 11.6% YoY coming management target.
10.1 11.0
better operational from key target Reported Q4 NIM of 4.5%
efficiency versus 4Q23. markets in and FY24 NIM of 4.2%.
Corporates &
4Q23 4Q24 Dec 23 Dec 24 Dec 23 Dec 24 Consumers. FY23 FY24
PPOP (IDR Tn) Fee Income (IDR Tn) NII (IDR Tn) Savings (IDR Tn) Loan (IDR Tn) NIM (%) Cost of Fund (%)
Sound asset quality Always stay conservative Digital user expansion
12.9
10.3 Consistency with conservative
2.14
Resilient asset quality accounting policy where IDR 515 Bn Remarkable progress
1.97
with NPL just below 2% revenue windfall during Q4 (KUR on digitalization with
and LAR declined by subsidy) booked as provision charges 5.3mn registered users
260bps YoY to 10.3%. (increasing loan loss allowance) despite in wondr mobile apps.
improved LAR & NPL ratio in the quarter.
FY23 FY24
LaR ratio (%) NPL ratio (%)
PT Bank Negara Indonesia (Persero) Tbk. Page 4
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
BNI corporate transformation since 2021
Stronger CAR
CAR improved from 16.8% in 2020 to 21.4% in 2024, ensuring
resilience and growth capacity.
Investment in Technology
Accelerated digital transformation with the launch of
Portfolio Optimization wondr by BNI and new BNIdirect, enhanced cybersecurity,
and advanced data analytics to boost low-cost funding,
• Realigned loan portfolio toward segments with higher risk-
operational efficiency and customer engagement.
adjusted return, achieving a CAGR 20-24 of +12% in corporate
loans, +12% in consumer loans, and a deliberate -1% decline in
the middle & small segments, emphasizing quality and
HC Transformation
sustainable growth.
• Optimized balance sheet with a 11% reduction in RWA density Building risk culture, strengthening collaboration, and
for loan, from 82% in 2020 to 70% in 2024. implementing meritocracy performance-based
remuneration.
Asset Quality
Value Creation for Investors
Reducing LaR from 28.7% in 2020 to 10.3% in 2024 and NPL from
4.3% to 2.0% over the same period, resulting in a decline in CoC • ROE surged to 14.2% in 2024 from 2.6% in 2020,
from 4.1% in 2020 to 1.1% in 2024. • Delivered shareholder value by doubling the Dividend
Payout Ratio from 25% in 2020 to 50% in 2024.
Shifting gear to funding franchise
Our transformation is entering next stage, focusing on
strengthening CASA franchise to drive sustainable growth.
PT Bank Negara Indonesia (Persero) Tbk. Page 5
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
Key strategic initiatives & guidance 2025
Key strategic initiatives
Core element : Branch transformation
1 2 3 4 5
Bolstering Asset quality Balanced People Continued IT
1 CASA remains a growth productivity innovation
franchise hygiene factor
Focus on retail & Gradually reduce Building and HC transformation Enhancing IT
transactional CASA LaR ratio while enhancing involving end-to-end architecture and
by leveraging on maintaining low CoC infrastructure for employee life cycle, security systems to
customer business productivity to future capabilities, support business
ecosystem improve services and and new core operations
client experience business
Translating into our 2025 aspiration
Loan Net Credit
Growth 8 - 10% Interest 4.0 – 4.2% Cost
± 1.0%
(% YoY) (FY24 11.6%) Margin (FY24 4.24%) bank only (FY24 1.1%)
bank only
PT Bank Negara Indonesia (Persero) Tbk. Page 6
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
From macro perspective, CoF remains key challenge in 2025
1. USD-IDR fluctuates 2. M2 growth slows down
16,375
16,102
15,568 14.1
15,715 11.5 13.3
15,397 15,140
10.7 7.8 7.2
9.1
14,253 7.1 8.2 8.4
13,833 6.1 7.2 7.0
6.2
3.5
Jun-21
Jul-21
Jul-23
Jun-22
Jul-24
Jan-23
Jan-22
Jun-23
Jun-24
Jan-21
Jan-24
Jul-22
Mar-22
Mar-24
Mar-21
Mar-23
Apr-22
Apr-21
Apr-23
Apr-24
Oct-23
Oct-22
Oct-21
Oct-24
Sep-22
Sep-21
Sep-23
Sep-24
Nov-21
Nov-22
Nov-23
Nov-24
Aug-21
Aug-22
Aug-23
Dec-23
Feb-21
Dec-21
Dec-22
Feb-24
Aug-24
Feb-23
Feb-22
May-21
May-23
May-22
May-24
USD-IDR
M2 (YoY %)
3. SRBI yield trend 4. US rate trend is higher for longer
7.50 7.45 5.50
7.34
191 7.21 7.25 4.50 4.50
7.18 7.16 4.00
167 7.09 3.50
50bps
6.93 6.90
6.87
3.50
98 104 1.75 3.00
80 82
58 0.25 0.25
46 45
26 37
YE2019 YE2020 YE2021 YE2022 YE2023 YE2024 YE2025F YE2026F
Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 FFR projection based on Sep-24 Fed dot plot FFR projection based on Dec-24 Fed dot plot
SRBI monthly auctioned amount (IDR Tn) SRBI 1Y rate (%)
PT Bank Negara Indonesia (Persero) Tbk. Page 7
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
Transaction banking as a key to sustainable CASA
Wholesale segment transaction banking Retail segment transaction banking
# of Users (in 000) # of Transactions (in Mn) # of Users (in Mn) Transaction frequency (in Mn)
14.6% 36.5% 44.4% 50.9%
YoY YoY YoY 23.4 YoY
1,574
5.3 195
16.2 1,043
13.6
173 1,257
151 597 1,379
921 16.2 18.1
100 764 13.6 1,043
597
Dec-22 Dec-23 Dec-24 FY-22 FY-23 FY-24 Dec-22 Dec-23 Dec-24 FY-22 FY-23 FY-24
BNIdirect wondr by BNI BNI Mobile Banking
Resulted in… Resulted in…
Average balance of Composition of transactional Current
Current Accounts Accounts of total CA by the end of Savings Accounts balance
11% YoY
increased by December grew from 66% last year to
6% YoY 72% this year grew by
PT Bank Negara Indonesia (Persero) Tbk. Page 8
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
wondr apps increases BNI retail customers engagement
wondr adoption by BNI customer is
wondr’s active rate doubled the previous mobile banking apps
482 gaining momentum 482
17.8
wondr 26% …with ~65% Active rate
305 registered 5.3mn
305 vs 30% of previous BNI mobile
5.3 74%
4.6 apps
15.9 3.6 users 15.9
2.8
1.0 1.9
Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
ETB (Existing to Bank) Customers NTB (New to Bank) Customers
# of registered users in wondr (million)
wondr users transact twice as much upcoming features to be released in 2025
as the previous app users to fulfill customers’ needs, divided into 3 Big Categories:
482
19x
Wealth Builder Global Citizenship wondrful Lifestyle
17.8
35x Personalized Product
Management
Multicurrency account Online to offline
experience
305 QRIS Cross border
Investment product Tap-to-Pay NFC Lifestyle needs
option 15.9 (concert, travel &
305 transportation)
15.9
# of Tx/user/quarter (4Q24)
PT Bank Negara Indonesia (Persero) Tbk. Page 9
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Management Highlight Highlight highlight Initiatives
Strong saving growth outpaced the industry*
The Strongest-ever Saving Growth
++ IDR17 Tn
Savings in 2H24
11.0% YoY
++IDR 9 Tn
Savings in 1H24 258
258 241
232 232 Launched
Jul 2024
Dec 23 Dec 24
Dec 23 Jun 24 Dec 24
Savings (IDR trillion)
Savings (IDR trillion)
* 6.6% YoY savings growth in banking industry as of Nov-24
…with NTB Saving Account acquisition Migration to wondr help to boost Saving Remarkable progress in growing
surged since 2H24 Account Balances retail Savings
232 258
launched
5 July 24
+17% 179
17.2 153 YoY
1.60
1.18
7.7
3.1 79 Flat 79
1H24 2H24 Non-digital user Mbank user Wondr user
Dec-23 Dec-24
# of NTB Savings Account acquired per semester (million) savings wallet size (IDR million) Wealth Mgt.* & Others Retail Customers
PT Bank Negara Indonesia (Persero) Tbk. Page 10
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Macroeconomics Highlight
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Macroeconomics Highlight Highlight highlight Initiatives
Trump policies could cause significant capital outflows from EMs back to the US
Donald Trump’s tax and tariff plan Market now only expects 25 bps of FFR cut in 2025 from the previous
projection at 100 bps
Trump’s Import Tariff Plans Projections on 2025 FFR Cut (bps)
The Fed's Dot Plot Market Expectation
Imports tariff on 20% broad-based 0
Certain products imports tariff -50 -25
Certain countries -50
-100
-100 -100
15% tariff on 60% tariff on -150
USD 115bn imports all imports Sep-24 Dec-24
from China from China
Implications of Trump’s policies on FFR, the rupiah, and the BI-Rate
Trump’s Tax Plans
Tax Cut + Import Tariff = Limited FFR cut at
Corporate Tax Rate Higher US Inflation max. 50 bps
40% 35%
• Extending
individual tax cuts
30%
21% beyond 2025 Slower global growth, Capital outflows back to
20% 15%*
excluding the US the US, strong USD
10% • Eliminating tax on
0% tips, overtime pay,
Pre-Trump Trump 1st Trump 2nd and elderly benefits Wider US fiscal deficit
Term Term (Plan) due to tax cut, implying Higher UST Yield
* For certain companies higher bond supply
PT Bank Negara Indonesia (Persero) Tbk.
Source: CNN, Bloomberg, CEIC, various sources, BNI OCE Page 12
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FY-2024 Macroeconomics Highlight Highlight highlight Initiatives
Therefore, the room for BI to cut its policy rate in 2025 will be limited
Rupiah depreciated by 4% in 2024 amid global uncertainty and Foreign investors recorded –USD 4.1bn portfolio outflows in Nov-Dec
widening CA deficit 2024 after Trump’s win in the US election
Exchange Rate Performance Avg. 2024 vs. Avg. 2023 (%) Foreign Portfolio Flows (USD bn)
8
5.1 5.3
6
3.1 3.4 3.0
UK 2.7% 4 1.7 1.6 2.7 2.61.9
1.1 1.6 1.2 1.1 0.8 0.8 0.8
Swiss 2.0% 2 0.3 0.6
(0.4) 0.1 2.5
DXY* 0.7% 0
(0.1) (0.6)
South Africa 0.7% -2 (1.0) (1.6)
(2.3) (1.6) (1.7) (1.4) (1.1)
Singapore 0.5% -4 (2.1) (1.9) (3.0)
(4.4)
Swedia 0.4% -6
May-22
May-23
May-24
Nov-22
Nov-23
Nov-24
Mar-22
Mar-23
Mar-24
Aug-22
Aug-23
Aug-24
Oct-22
Oct-24
Oct-23
Jun-22
Jun-23
Jun-24
Sep-22
Feb-23
Feb-22
Sep-23
Dec-23
Sep-24
Dec-22
Jan-23
Jan-24
Feb-24
Dec-24
Jul-22
Jul-23
Jul-24
Apr-22
Apr-24
Apr-23
EU 0.0%
Malaysia -0.3%
ASEAN Avg -1.1% Equity Govt Bonds SRBI Total Net Flows
India -1.3%
Thailand -1.4% BI’s room to cut its policy rate will be limited due to exchange rate risk
Canada -1.5% amid Trump’s policy uncertainties
China -1.6%
Average Ex Arg & Tur -2.0%
EM Average - Ex Arg & Tur -2.8%
Philippines -3.0% Average
Mexico -3.3% Rupiah at
Indonesia -4.0% Limited BI-
Rp16,200/USD
South Korea -4.4% Strong USD Rate cut to
(vs. previous
Czech -4.6% 5.25 – 5.50%
Japan -7.8% est. at
Brazil -7.9% <Rp16,000)
-10% -8% -6% -4% -2% 0% 2% 4%
PT Bank Negara Indonesia (Persero) Tbk.
Source: Bloomberg, BNI OCE
Page 13
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Macroeconomics Highlight Highlight highlight Initiatives
Indonesia’s latest macro data showed a moderate economic environment
Private consumption has shown uneven or K-shaped recovery trend,
GDP growth is projected to remain stable at 5.0% in 2024 and 2025 where the middle-class spending has been weaker than overall
consumption
GDP Growth (% YoY) Consumption Growth (% YoY)
20
7
5.73
6 5.02 5.46 5.01 5.04 5.17 4.94 5.04 5.11 5.05 4.95 5.00 5.05 5.03 5.00
5 10 6.56
4 4.91
3 0 4.19
Middle-Low Consumption Proxy
2
1 -10 Leisure Related Consumption (Upper-class)
0 Private consumption
4Q24F
4Q22
1Q23
2Q23
3Q23
1Q22
2Q22
3Q22
4Q23
1Q24
2Q24
3Q24
2024F
2025F
2023
-20
3Q16
1Q17
3Q18
1Q19
3Q20
1Q21
3Q22
1Q23
3Q24
3Q15
1Q16
3Q17
1Q18
3Q19
1Q20
3Q21
1Q22
3Q23
1Q24
Inflation decelerated to 1.57% in YE2024 from 2.61% in YE2023 due to Excluding gold price effect, the core inflation was only 1.73% YoY in
more manageable food price and benign core inflation YE2024, spelling modest purchasing power
CPI Inflation (YoY%) Core Inflation Comparison (% YoY)
7 Headline Core Administered Price - RHS Volatile - RHS 15 2.4
2.21 2.26 2.26
6 2.2
10 2.00 2.06
5 2.0
1.77 1.75 1.73
4 5 1.8
1.62 1.59 1.64 1.62 1.67 1.68
3 1.6
0
2 1.4
1 1.57 -5 1.2
Jun-18
Jun-19
Jun-20
Jun-21
Jun-22
Jun-23
Jun-24
Mar-18
Mar-19
Mar-20
Mar-21
Mar-22
Mar-23
Mar-24
Sep-18
Dec-18
Sep-19
Dec-19
Sep-20
Dec-20
Sep-21
Dec-21
Dec-22
Sep-22
Sep-23
Dec-23
Sep-24
Dec-24
1.0
Core Core Non-Gold
Dec-23 Mar-24 Jun-24 Sep-24 Oct-24 Nov-24 Dec-24
PT Bank Negara Indonesia (Persero) Tbk.
Source: CEIC, BPS, BNI Chief Economist Page 14
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FY-2024 Macroeconomics Highlight Highlight highlight Initiatives
Indonesia’s GDP growth is projected to remain at 5% in 2025 on the back of higher
fiscal spending, improving private consumption, and solid private investment
Economic growth is projected to be higher in 2H25 as fiscal spending and liquidity improve in the corresponding period
PT Bank Negara Indonesia (Persero) Tbk.
Source: CEIC, BPS, BNI Chief Economist Page 15
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FY-2024 Macroeconomics Highlight Highlight highlight Initiatives
Domestic economy will be supported by the new government’s pro-welfare policies
The new government prioritized pro-consumption
policies in the next dive years The new government put economic welfare as its main focus
The New Government's Welfare Target
Food Security • Food independence within 4-5 years 1.2 1.1 120
(Swasembada Pangan) • Ready to be the World’s Food Barn 1.0 0.9 115-120
115
0.8
0.6 110
• Using plant (i.e., palm oil) as energy 0.4
Energy Security 107.6 105
substitution => B=40, B-50, etc. 0.2 105-108 0.0
(Swasembada Energi)
• Utilizing geothermal, hydropower 0.0 100
Realization Govt Outlook Budget
2023 2024 2025
Natural Resource • Expanding natural resource Extreme Poverty Rate (%) Farmers Terms of Trade - RHS
Downstream downstream to agro-downstream
Therefore, government expenditure and private consumption are expected
Free Healthy Food / • Providing healthy food for students to be the GDP growth drivers in 2025
Free Lunch and pregnant mothers
• Revisit subsidy schemes; plan to shift BNI’s Forecast 2023 2024F 2025F
Poverty Alleviation, from price-based subsidies to targeted Economic growth (%) 5.0 5.0 5.0
Revisit Subsidy subsidies
Schemes • Using technology to identify subsidy Private Consumption (%) 4.8 4.9 5.0
and social aid recipients
Govt. Expenditure (%) 4.4 5.7 5.7
• Improving bureaucracy system, law Real Investment (%) 4.4 4.5 4.8
Corruption Eradication
enforcement, and digitalization
PT Bank Negara Indonesia (Persero) Tbk. Source: MoF, various sources, CEIC, BNI OCE Page 16
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Financial Highlights
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Encouraging quarterly trend on key P&L lines
Highlighted Results (IDR Bn) FY23 FY24 YoY (%) 4Q23 1Q24 2Q24 3Q24 4Q24 QoQ (%)
Total Asset 1,086,664 1,129,806 4,0 1,086,664 1,066,715 1,072,454 1,068,080 1,129,806 5.8
Loan 695,085 775,872 11.6 695,085 695,162 726,977 735,018 775,872 5.6
B/S Third Party Funds 810,730 805,511 -0.6 810,730 780,230 772,319 769,739 805,511 4.6
[Consolidated]
CASA 577,478 563,278 -2.5 577,478 543,504 545,691 541,194 563,278 4.1
Time Deposit 233,253 242,233 3.8 233,253 236,726 226,628 228,545 242,233 6.0
Net Interest Income 41,276 40,480 -1.9 10,120 9,390 9,681 10,367 11,042 6.5
Interest Income 61,472 66,583 8.3 15,976 15,875 16,298 16,663 17,747 6.5
Interest Expense (20,196) (26,103) 29.2 (5,856) (6,485) (6,617) (6,296) (6,705) 6.5
P&L Non Interest Income
OPEX
21,472
(27,778)
24,035
(29,688)
11.9
6.9
6,841
(8,234)
5,440
(6,649)
5,485
(6,905)
5,913
(7,434)
7,198
(8,700)
21.7
17.0
[Consolidated]
PPOP 34,970 34,826 -0.4 8,727 8,181 8,261 8,845 9,540 7.9
Provisioning Charges (9,196) (8,211) -10.7 (2,486) (1,744) (1,767) (1,878) (2,822) 50.3
Net Profit 20,909 21,464 2.7 5,156 5,326 5,365 5,617 5,155 -8.2
PT Bank Negara Indonesia (Persero) Tbk. Page 18
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FY-2024 Financial Performance Highlight highlight Initiatives
Key ratios
Highlighted Results (%) FY23 FY24 YoY (%) 4Q23 1Q24 2Q24 3Q24 4Q24 QoQ (%)
CASA Ratio (Consolidated) 71.2 69.9 -1.3 71.2 69.7 70.7 70.3 69.9 -0.4
CoF (Third Party Funds) 2.2 2.7 +50bps 2.5 2.8 2.7 2.6 2.7 5bps
Profitability NIM 4.6 4.2 -34bps 4.4 4.0 4.0 4.4 4.5 8bps
& Efficiency ROAE* 15.2 14.2 -1.0 14.3 14.5 14.7 14.9 12.9 -2.0
[Bank Only]
Pre-tax ROAA 2.6 2.5 -0.1 2.5 2.5 2.4 2.7 2.4 -0.3
CIR 42.9 44.6 1.7 47.4 43.2 44.3 44.0 46.6 2.6
LAR 12.9 10.3 -2.6 12.9 13.3 12.3 11.8 10.3 -1.5
NPL (Gross) 2.1 2.0 -0.1 2.1 2.0 2.0 2.0 2.0 0.0
Asset
Quality Credit Cost 1.4 1.1 -0.3 1.4 1.0 1.0 1.0 1.5 0.5
[Bank Only] LAR Coverage Ratio 52.7 48.8 -3.9 52.7 50.4 47.9 47.4 48.8 1.4
NPL Coverage Ratio 319.0 255.8 -63.2 319.0 330.2 298.2 284.2 255.8 -28.5
LDR 85.8 96.1 10.3 85.8 89.0 94.0 95.3 96.1 0.8
Liquidity LCR 174.1 155.9 -18.2 174.1 176.0 160.8 160.3 155.9 -4.4
[Bank Only]
NSFR 146.3 132.5 13.8 146.3 139.1 137.2 136.6 132.5 4.1
Capital Tier-1 CAR 20.2 20.0 -0.2 20.2 18.9 19.1 20.3 20.0 -0.3
[Bank Only] Total CAR 22.0 21.4 -0.6 22.0 20.5 20.7 21.8 21.4 -0.4
*ROAE with average total equity as denominator ; 15.8% in FY24 if the denominator is Tier 1 Capital as reported to OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 19
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FY-2024 Financial Performance Highlight highlight Initiatives
B/S optimization capitalizing on higher RRR incentive
Growth - %
Consolidated Balance Sheet (IDR Bn) Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 QoQ YoY
Total Assets 1,086,664 1,066,715 1,072,454 1,068,080 1,129,806 5.8 4.0
Placement with other banks & BI 43,794 29,921 19,043 15,076 17,076 13.3 -61.0
Current Account with Bank Indonesia 65,256 52,699 49.873 43,101 51,669 19.9 -20.8
Marketable Securities [market value] 37,408 41,238 40,433 42,246 48,534 14.9 29.7
Government Bonds [market value] 127,100 131,033 132,496 130,287 132,072 1.4 3.9
Loans (gross) 695,085 695,162 726,977 735,018 775,872 5.6 11.6
Third Party Funds 810,730 780,230 772,319 769,739 805,511 4.6 -0.6
CASA 577,478 543,504 545,691 541,194 563,278 4.1 -2.5
• Current Account 345,496 309,546 305,133 302,260 305,734 1.1 -11.5
• Saving Account 231,981 233,958 240,558 238,934 257,544 7.8 11.0
Time Deposits 233,253 236,726 226,628 228,545 242,233 6.0 3.8
Deposits from other Banks 11,894 12,825 18,150 13,877 18,548 33.7 55.9
Marketable Securities Issued 21,822 22,348 31,104 29,144 30,674 5.2 40.6
Borrowings 30,950 31,256 32,736 34,995 42,931 22.5 38.7
Shareholders’ Equity 154,733 149,702 154,072 162,170 167,187 3.1 8.0
PT Bank Negara Indonesia (Persero) Tbk. Page 20
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Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Consistent improvement in NII & PPOP every quarter during 2024
Consolidated Profit & Loss (IDR Bn) FY23 FY24 YoY (%) 4Q23 1Q24 2Q24 3Q24 4Q24 QoQ (%)
Interest Income 61,472 66,583 8.3 15,976 15,875 16,298 16,663 17,747 6.5
Interest Expense (20,196) (26,103) 29.2 (5,856) (6,485) (6,617) (6,296) (6,705) 6.5
Net Interest Income 41,276 40,480 -1.9 10,120 9,390 9,681 10,367 11,042 6.5
Premium Income Net 1,659 1,724 3.9 460 373 413 428 509 18.9
Fee income 14,783 16,286 10.2 4,304 3,913 3,840 4,001 4,532 13.3
Recovery 5,030 6,025 19.8 2,077 1,154 1,231 1,483 2,157 45.4
Operating Income 62,748 64,515 2.8 16,961 14,830 15,166 16,279 18,240 12.0
Operating Expense (27,778) (29,688) 6.9 (8,234) (6,649) (6,905) (7,434) (8,700) 17.0
Pre-Provision Income (PPOP) 34,970 34,827 -0.4 8,727 8,181 8,261 8,845 9,540 7.9
Provisioning Charges (9,196) (8,211) -10.7 (2,486) (1,744) (1,767) (1,878) (2,822) 50.3
Non-Operational Inc/(Exp) (134) (35) -73.5 22 - - (33) (2) -91.7
Net Income before Tax 25,640 26,581 3.7 6,263 6,437 6,494 6,934 6,716 -3.2
Net Income 20,909 21,464 2.7 5,156 5,326 5,365 5,617 5,155 -8.2
PT Bank Negara Indonesia (Persero) Tbk. Page 21
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Healthy growth from lower risk segments
(IDR Tn)
Growth - %
Segment Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Loan Yield by Segment (%) – Bank Only
QoQ YoY
Corporate 374.2 374.3 402.5 409.2 441.0 7.8% 17.6% Segment 4Q23 1Q24 2Q24 3Q24 4Q24 FY23 FY24
Corp. Private & Blended Loan 7.8 7.5 7.4 7.7 7.9
271.8 271.6 291.0 295.7 327.2 10.7% 20.4% 7.8 7.7
Institutions
Corporate SOE 102.4 102.7 111.5 113.5 113.8 0.3% 11.1% Corporate 7.0 6.9 6.8 7.1 7.1 7.0 7.0
Business Banking
Medium 102.5 99.3 97.8 96.4 100.4 4.2% -2.0% Medium 7.9 7.7 7.7 7.7 7.5 7.8 7.7
Enterprise 52.2 50.5 49.0 45.9 47.3 3.1% -9.4% Small 10.6 9.3 9.2 9.4 11.3 9.8 9.8
Commercial 50.3 48.8 48.8 50.5 53.1 5.1% 5.7% Consumer 8.2 7.9 8.1 8.6 8.9 8.3 8.4
Small 84.9 82.2 80.5 77.3 75.8 -2.0% -10.8% IDR Yield 8.2 7.9 7.8 8.0 8.5 8.1 8.1
Govt Subs FX Yield 6.2 6.1 6.0 6.5 6.0 6.1 6.1
44.1 41.7 39.4 36.6 33.2 -9.5% -24.8%
Loan (KUR)
SME Non-KUR 40.8 40.5 41.1 40.7 42.6 4.7% 4.4%
Subtotal 561.6 555.7 580.7 582.9 617.1 5.9% 9.9% Loan Composition (IDR Tn)
Mortgage 58.5 60.1 62.2 63.8 66.5 4.3% 13.8%
695.1 695.2 727.0 735.0 775.9
Consumer
Personal Loan 50.6 52.1 53.8 55.9 58.0 3.7% 14.6%
120.0% 900.0
Credit Card 14.0 14.2 14.4 14.6 15.0 2.6% 7.3% 100. 0
%
1.3% 1.6% 1.9% 2.1% 2.1% 800.0
17.9% 18.4% 18.3% 18.6% 18.4% 700.0
Others 1.5 1.8 2.3 2.7 3.0 11.0% 106.3% 80.0%
12.2% 11.0% 9.8%
11.8% 10.5% 600.0
14.6% 14.2% 13.4% 13.1% 12.9%
Subtotal 124.5 128.3 132.7 137.0 142.5 4.0% 14.5%
60.0%
500.0
40.0%
Subsidiaries 9.0 11.2 13.5 15.1 16.2 7.6% 79.7%
400.0
53.9% 53.9% 55.4% 55.7% 56.8%
20.0%
300.0
Total 695.1 695.2 727.0 735.0 775.9 5.6% 11.6% 0.0% 200.0
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Working Capital 407.6 391.6 417,9 423.2 451.8 6.7% 10.8%
Subsidiaries Consumer Small Medium Corporate
Investment Loan 160.5 171.9 172,2 170.3 177.1 4.0% 10.3%
PT Bank Negara Indonesia (Persero) Tbk. Page 22
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Rp148,2 trillion loan disbursed in 4Q24, driven by top tier clients
QoQ Loan Movement (IDR Tn) – Bank Only Top 3 Industries Contributing to QoQ Loan Growth in Dec-24
104.0 4.5
Outstanding Increase (IDR Tn) Quarter-on-Quarter
%
148.2
Corporate : 95.3 Tn Social Services 17.6 82%
Medium : 31.5Tn
6.2 15%
Enterprise : 11.6Tn Telecommunications
721.8 Commercial : 20.0Tn 761.6 Corporate 15%
Small : 6.3 Tn Electricity, Gas & Water 3.7
Consumer : 15.1 Tn
Sep 2024 Disbursement Install/Paid-Off Write-Off Dec 2024
YoY Loan Movement (IDR Tn) – Bank only Top 3 Industries Contributing to YoY Loan Growth in Dec-24
319.7 Outstanding Increase (IDR Tn) Year-on-Year
%
412.0
18.7
Social Services 23.2 146%
Telecommunications 8.8 22%
Corporate : 266,6Tn
Corporate 7.7
22%
Medium : 55,9Tn
Trading, Resto & Hotel
761.6
687.9 Enterprise : 22.0Tn
Commercial : 33,9n
Small : 31,2Tn
Consumer : 58,3Tn
Dec 2023 Disbursement Install/Paid-Off Write-Off Dec 2024
PT Bank Negara Indonesia (Persero) Tbk. Page 23
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Strong Savings growth allowed us to rely less on expensive funding
Third Party Funds (IDR Tn) Third Party Funds Composition
(IDR Tn)
Growth - %
Segment Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 810.7 780.2 772.3 769.7 805.5
QoQ YoY 120.0% 5
-5
100. 0
%
CASA 577.5 543.5 545.7 541.2 563.3 4.1 -2.5 - 15
80.0%
28.8% 30.3% 29.3% 29.7% 30.1% -2
5
Current Account 345.5 309.5 305.1 302.3 305.7 1.1 -11.5
-3
5
28.6% 30.0% 31.1% 31.0% 32.0%
60.0%
-4
5
Saving Account 232.0 234.0 240.6 238.9 257.5 7.8 11.0
40.0% -5
42.6%
-6
5
20.0%
39.7% 39.5% 39.3% 38.0%
Time Deposit 233.2 236.7 226.6 228.5 242.2 6.0 3.8
-7
5
0.0% -8
5
Third Party Funds 810.7 780.2 772.3 769.7 805.5 4.6 -0.6 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Current Account Saving Account Time Deposit
CASA Ratio* 71.2% 69.7% 70.7% 70.3% 69.9% -0.4 -1.3
*Consolidated
Cost of Third-Party Funds (%) – Bank Only Sticky CASA strategy by focusing on transaction
4.86 5.13
4.65 4.81 4.82 wondr by BNI and BNIdirect
The new mobile banking
3.97
4.20 contributed significantly to CASA app wondr by BNI
3.41 Released in July-24,
3.32 built in latest tech, safer
2.79 2.72 2.65 As of Dec-24: and faster & more reliable
2.47 2.54 2.60
2.35 2.35 2.25
2.07 2.82
1.75 1.87
1.46 2.37 2.48 2.44 2.53
~70% ~90%
1.38 1.40
2.09
1.80 1.77 The New BNIdirect
1.38 1.40 1.52
1.33 integrating all BNI
0.61 0.61 0.58 0.63 0.80 wholesale channels using
0.58 0.56 0.56 0.67 0.72 0.76
0.55 retail saving balance comes wholesale Current Account Single Access (SSO),
from wondr users balance from BNIdirect users providing an easier
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
banking experience for
corporate customers.
Current Account Saving Account Time Deposits Cost Of Third Party Fund
PT Bank Negara Indonesia (Persero) Tbk. Page 24
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
LCR and NSFR well above regulatory requirement (bank only)
Short-Term Obligations Have Been Well Covered..... .... As Well As for Supporting Long-Term Assets.
250.1%
229.0% 230.2%
226.0% 224.0% 224.2%
219.2% 219.0%
215.3%
203.4% 204.8%
193.1%
188.0% 189.0%
182.0% 183.5%
174.1% 176.0%
164.1% 160.8% 160.4%
154.1% 155.1% 155.9%
153.0% 151.8%
145.0% 144.0% 144.8% 145.0% 146.6% 145.3% 146.3%
140.0% 139.1% 137.2% 136.6%
136.0% 133.4% 132.5%
126.1% 124.2%
Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
LCR (Liquidity Coverage Ratio) NSFR (Net Stable Funding Ratio)
LDR is Also Manageable, Well Within Regulatory Framework
112.6%
103.9%
101.6%
100.5%
92.4% 96.7% 96.2%
92.3% 91.9% 94.1% 96.1%
91.5% 92.8% 92.1% 92.3% 90.9% 94.0% 95.3% 94.9%
88.7% 93.9% 88.4% 89.7% 91.2% 90.1% 89.5% 93.3%
87.2% 88.1% 87.7% 87.4% 88.8% 95.0%
91.4% 90.1% 86.3% 85.3% 85.2%
87.8% 84.2% 89.8% 89.0%
83.1% 86.2% 85.9% 85.8% 88.5% 85.8% 87.0%
87.6% 86.3% 85.1% 85.1% 79.7% 85.4% 85.2%
80.9% 82.0% 82.5%
77.5% 76.9%
76.9% 75.2%
Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
IDR FX Blended
PT Bank Negara Indonesia (Persero) Tbk. Page 25
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Fee income breakdown
Solid growth in Trading Activities Fee
Breakdown Non-Interest Income (IDR Bn)
supported by favorable rate environment
Fee Income FY23 FY24 YoY % 1Q24 2Q24 3Q24 4Q24 QoQ % 4,170 3,815 3,777 3,925 4,181 14,452 15,793
471 494
Consumer Banking 6,970 7,169 2.9 1,717 1,718 1,802 1,931 7.1 424 488 1,969
696 467 797 1,635
724 803 797 3,120
Account Maintenance 2,223 2,222 -0.1 529 541 545 607 11.4 2,237
ATM & e-Channel 1,466 1,549 5.6 369 379 389 411 5.6
3,003 2,890 10,704
2,667 2,506 2,640 10,579
Debit Card Maintenance 550 510 -7.2 135 132 125 119 -4.8
PPOB & Billpayment 311 383 23.3 83 80 131 89 -32.0
4Q23 1Q24 2Q24 3Q24 4Q24 FY23 FY24
Remittance 258 287 11.3 65 68 74 79 7.1 Other Fee Income Trading Activities Banking Activities
Card Business, Bancass,
2,161 2,218 2.6 536 518 538 626 16.2
etc
Business Banking 7,482 8,624 15.3 2,098 2,059 2,123 2,344 10.4
Key Fee Income Growth Contributors
Trade Finance 1,294 1,110 -14.2 320 228 291 270 -7.1
Marketable securities 1,217 1,859 52.7 312 465 500 583 16.6
ATM & e-Channel Marketable FX Trading,
FX Trading, Revaluation
1,019 1,261 23.7 412 339 297 214 -27.9 Securities Revaluation &
& Derivatives Derivatives
5.6%
Pension Fund 323 229 -29.3 55 55 59 60 2.2 23.7%
52.7%
Syndication 956 1,005 5.1 285 214 156 350 124.6
1,261
Share Investment, 1,859
2,672 3,160 14.7 714 758 821 867 5.6 1,549 1,019
Custody, Coop Fee, Etc 1,466 1,217
Total Non-Interest
Income 14,452 15,793 9.3 3,815 3,777 3,925 4,275 8.9
(Bank Only)
Other Subsidiaries 331 493 49.0 98 63 76 256 236.9 FY23 FY24 FY23 FY24 FY23 FY24
Total Non-Interest
14,783 16,286 10.2 3,913 3,840 4,001 4,531 13.3
Income (Consolidated)
PT Bank Negara Indonesia (Persero) Tbk. Page 26
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Financial Performance Highlight highlight Initiatives
Variable remuneration & digitalization drove opex in 2024
OPEX Composition (IDR Bn) Cost to Income and Cost to Asset ratio
Operating Expenses FY23 FY24 YoY - % 1Q24 2Q24 3Q24 4Q24 QoQ - %
44.2% 44.6%
Personnel Expenses 12,882 14,015 8.8 3,159 3,192 3,479 4,184 20.3 43.3% 42.9%
42.6%
Base Salary 4,298 4,526 5.3 1,189 1,066 1,131 1,140 0.8
Other Allowance 4,464 5,126 14.8 822 984 1,238 2,083 68.3
Post Employee Benefits 2,783 3,007 8.0 858 798 737 614 -16.8 2.6% 2.5% 2.5% 2.5% 2.5%
Training 346 201 -41.9 24 65 68 44 -34.5
2020 2021 2022 2023 2024
Subsidiaries 990 1,155 16.6 267 279 306 303 -0.8
CIR Cost to Asset
Digitalization &
1,207 1,720 42.6 363 431 472 454 -3.8
Transactional Expenses
G&A Expenses 7,901 7,824 -1.0 1,706 1,826 1,957 2,334 19.3
Quality over Quantity
IT & Telecommunication 1,474 1,387 -5.9 275 365 342 405 18.4
Occupancy Related 758 632 -16.7 153 153 179 147 -18.1
PERSONNEL EXPENSES NUMBER OF
Headcount priority (IDR Bn] EMPLOYEE
Promotion 996 1,048 5.2 165 175 239 470 96.6
toward business &
Transport & Travel 262 237 -9.4 52 48 72 65 -9.8 digital units
Goods, Prof. Services & 14,015
3,884 3,809 -1.9 940 949 948 972 2.6 12,882
Others
Subsidiaries 526 710 35.0 122 136 177 276 55.7 Result-oriented
27,570 27,203
reward scheme
Other Expenses 5,330 5,652 6.0 1,278 1,362 1,406 1,607 14.3 calibration to retain
and attract top
Other Subsidiaries 458 478 4.2 143 93 121 121 0.0 talents
FY23 FY24 2023 2024
Total Operating Expenses 27,778 29,688 6.9 6,649 6,905 7,434 8,700 17.0
PT Bank Negara Indonesia (Persero) Tbk. Page 27
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Asset Quality
Page 31
01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Asset Quality Highlight highlight Initiatives
Loan at Risk remains low (bank only)
Loan at Risk (IDR Tn) Current Restructured Loan (IDR Tn)
102.8 102.4 103.8 95.8 89.0 91.4 88.2 85.4 78.6 62.2 57.3 59.9 50.6 40.5 39.7 38.9 36.4 34.4
16.3% 9.7% 9.1% 9.3% 7.6%
120.0%
16.0% 16.1% 14.4% 12.9% 13.3% 12.3% 11.8%
120.0%
5.9% 5.8% 5.4% 5.0% 4.5%
10.3% 25.0%
6.2% 6.3%
100. 0
% 100. 0
%
8.4% 9.2% 8.7% 9.3% 8.7% 9.4% 9.6% 9.9% 10.9%
5.0%
7.9% 7.4% 7.5% 7.0% 7.2% 7.2% 8.1%
80.0%
14.5% 14.7% 14.3% 15.0% 13.7% 14.4% 13.7% 12.9% 11.2% 80.0% 16.7% 15.3% 13.5% 15.1% 17.4% 15.4% 13.4% 13.1% 9.9%
16.1%
- 15.0%
21.4% 19.6% 19.8% 19.8% 23.3% 23.3% 18.9% 17.3% 17.9%
28.1% 27.6% 25.6% 25.1% 20.8% 26.2% 18.5%
60.0%
-3
5.0%
60.0%
27.8%
40.0% 40.0%
- 5.0%
58.1% 58.7% 62.0% 61.9% 65.9%
51.4% 50.6% 56.2% 55.5% 57.1% 57.5% 51.0% 57.0% 55.2% 56.5%
20.0%
49.0% 48.4% -7
5.0%
20.0% 47.6%
0.0% -9
5.0% 0.0%
Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Corporate Medium Small Consumer LaR Corporate Medium Small Consumer Coll 1R
Special Mention Loan (Coll.2) by Segment (IDR Tn) Non-Performing Loan (NPL) by Segment (IDR Tn)
22.6 27.7 28.1 30.1 33.8 37.8 35.1 34.7 29.2 18.0 17.4 15.8 15.1 14.7 13.9 14.2 14.2 15.0
4.9% 5.5% 4.9% 4.8% 120.0%
4.4% 4.4% 4.5% 3.8% 2.8% 2.8% 2.5%
3.5% 2.3% 2.1% 2.0% 2.0% 2.0% 2.0%
100.0%
8.3% 11.1% 10.8% 11.2% 7.6% 9.3% 10.0% 10.5% 10.4% 10.4% 11.9%
6.5% 14.0% 15.7% 14.7% 16.2% 14.9% 15.3% 18.3%
8.6% 10.0% 10.1% 8.4% 6.9%
14.5% 12.8% 11.1% 80.0% 14.0% 13.2%
16.0% 14.8% 19.9%
20.9% 15.0% 16.4% 17.0% 22.7% 20.5% 23.3% 23.5% 23.4%
21.1% 22.6%
25.1% 22.6%
60.0%
38.2% 36.3%
39.7% 41.5% 33.6% 31.2%
40.0% 38.6% 41.8% 38.3%
70.0% 65.6% 63.5% 64.1% 67.9%
62.1% 56.6%
49.3% 53.8%
20.0% 37.5% 38.6%
26.4% 23.3% 28.0% 30.1%
23.0% 18.7% 20.7%
0.0%
Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Corporate Medium Small Consumer SML Ratio Corporate Medium Small Consumer NPL Ratio
PT Bank Negara Indonesia (Persero) Tbk. Page 29
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Asset Quality Highlight highlight Initiatives
LAR by segment, write Off & recovery
Special Mention Loan by Segment – Bank Only Loan at Risk by Segment –Bank Only
Segment Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Segment Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Corporate 4.4% 4.8% 6.3% 6.6% 5.5% 5.4% 4.5% Corporate 15.7% 13.6% 13.3% 13.5% 12.4% 11.9% 10.3%
Medium 6.2% 6.3% 5.3% 5.7% 5.9% 6.1% 4.3% Medium 26.2% 23.6% 18.7% 19.3% 17.6% 17.5% 15.5%
Small 4.2% 3.8% 2.6% 4.6% 4.5% 3.8% 2.6% Small 16.9% 16.5% 14.4% 16.0% 15.1% 14.3% 11.6%
Consumer 2.6% 2.8% 2.1% 2.8% 2.6% 2.7% 2.1% Consumer 7.8% 7.5% 6.2% 6.7% 6.3% 6.2% 6.0%
Total SML- % 4.4% 4.5% 4.9% 5.5% 4.9% 4.8% 3.8% Total LAR- % 16.1% 14.4% 12.9% 13.3% 12.3% 11.8% 10.3%
Total SML- IDR Bn 28,130 30,106 33,812 37,774 35,075 34,740 29,235 Total LAR- IDR Bn 103,840 95,789 89,007 91,424 88,155 85,405 78,611
Non-Performing Loan by Segment – Bank Only Write Off & Recovery – Bank Only
18,669
Segment Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
14,390 14,175
Corporate 1.2% 1.0% 0.9% 0.7% 1.0% 1.0% 0.7%
10,884 10,771
35.8% 36.0%
Medium 6.0% 5.7% 6.0% 5.9% 4.9% 4.6% 5.7% 30.3% 22.9% 33.2%
28.2%
6,189
Small 3.8% 3.9% 3.5% 4.0% 4.2% 4.3% 4.5% 5,174
3,898 3,921 3,995
2,466
Consumer 1.9% 2.0% 1.7% 1.8% 1.6% 1.6% 1.9% 1,189
Total NPL- % 2.5% 2.3% 2.1% 2.0% 2.0% 2.0 2.0 2022 2023 1Q-24 1H-24 9M-24 2024
Total NPL- IDR Bn 15,820 15,091 14,710 13.960 14,163 14,244 14,985 Write Off (Rp Bn) Recovery (Rp Bn) Recov. to Write Off Ratio
PT Bank Negara Indonesia (Persero) Tbk. Page 30
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Asset Quality Highlight highlight Initiatives
Vintage analysis has shown improved loan underwriting
74% of the loans written off in FY24
76% of FY24 NPL formation came from client origination before 2021
came from client origination before 2021
6.6% 0.5% 0.8%
6.6%
8.0% 10.1%
Fintech paylater & credit card only
8.8% Fintech paylater & credit card only
8.5%
3.1%
73.0% 5.0%
69.0%
IDR 18.9Tn IDR 18.7Tn
FY24 NPL Formation FY24 Write Off
Before 2020 2020 2021 2022 2023 2024 Before 2020 2020 2021 2022 2023 2024
PT Bank Negara Indonesia (Persero) Tbk. Page 31
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Asset Quality Highlight highlight Initiatives
Sufficient provisioning in line with our risk appetite (bank only)
Provisioning for Loan (IDR Tn) CoC by Segment
Segment 4Q-23 1Q-24 2Q-24 3Q-24 4Q-24 FY 23 FY 24
18.7
8.0 Corporate 0.3% -0.6% -2.1% -0.1% 1.6% 0.0% -0.3%
46.9 Prov Charges for
Medium 2.7% 2.3% 4.6% 1.2% 2.3% 2.7% 2.6%
loan (net*) 38.3
28.3 Small 3.6% 5.2% 8.5% 4.6% 2.8% 4.0% 5.3%
Consumer 2.2% 2.1% 3.2% 2.2% -0.2% 2.4% 1.8%
CoC % - Bank
Loan Provision - Dec Write Off 2024 Loan Provision - after Provision Build Up Loan Provision - Dec 1.4% 1.0% 1.0% 1.0% 1.5% 1.3% 1.1%
wide
2023 write off 2024
*after deducting loan remedial IDR 2.1Tn
Dec 23 Dec 24 Assigned Loan Loss Reserve by Coll & Stage
Dec-24 Dec-24
NPL % 2.1% 2.0% Collectability
Amount
Stage
Amount
LLR % LLR %
(IDR Tn) (IDR Tn)
Current – Normal 682.9 0.7 Stage 1 677.0 0.6
NPL Coverage % 319.0% 255.8%
LaR 78.6 42.9 Stage 2 58.9 28.3
Current Restructured 34.4 23.3 Stage 3 25.7 68.7
LAR % 12.9% 10.3% Collectability 2 (SML) 29.2 56.0 All Stage 761.6 5.0
NPL 15.0 62.3
LAR Coverage % 52.7% 48.8% All Collectability 761.6 5.0
Notes: Figures are on bank only basis.
1) LAR ratio = Special Mention loans + NPL + Total Current Restructured Loans
2) NPL Coverage Ratio = Allowance for Impairment Losses divided by NPL amount.
PT Bank Negara Indonesia (Persero) Tbk.
3) LAR Coverage Ratio = Allowance for Impairment Losses divided by LAR amount Page 32
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Asset Quality Highlight highlight Initiatives
LAR, NPL & Provision Coverage trend
LAR & LAR Coverage Ratio NPL & NPL Coverage Ratio
28.7%
4.3%
23.3% 3.7%
16.0% 2.8%
12.9% 12.3% 11.8% 2.2% 2.1% 2.0% 2.0% 2.0%
9.1% 10.3%
319.0%
298.2%
52.7% 278.3% 284.2%
48.8% 47.9% 48.8% 255.8%
47.4% 233.4%
182.4%
37.0%
34.3% 144.8%
27.0%
Avg 2017- Dec-20 Dec-21 Dec-22 Dec-23 Jun-24 Sep-24 Dec-24
Avg 2017- Dec-20 Dec-21 Dec-22 Dec-23 Jun-24 Sep-24 Dec-24
2019
LAR Coverage LAR Ratio 2019
NPL Coverage Ratio NPL ratio
Notes: Figures are on bank only basis.
1) LAR ratio = Special Mention loans + NPL + Total Current Restructured Loans
2) NPL Coverage Ratio = Allowance for Impairment Losses divided by NPL amount.
3) LAR Coverage Ratio = Allowance for Impairment Losses divided by LAR amount
PT Bank Negara Indonesia (Persero) Tbk. Page 33
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Digital Initiatives
Page 37
01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Digital Initiatives Highlight highlight Initiatives
We’re triumphing
on every customer touch points New Integrated Corporate
Portal for Wholesale Solution
BNIdirect Mobile Banking
Instead of focusing on a particular Trx Volume
Trx Volume
IDR 7,931 Tn
product, BNI believes in ▲ 23.3% yoy
IDR 1.495 Tn
▲23.0% yoy
empowering digital solutions for No of Trx
Total No of Trx
1.257 Mn ▲ 36.5% yoy
every needs. Introduced
on 9 Oct 2024 1.379 Mn
▲ 32.2% yoy
E-channel Supports
Merchant & QR Branchless
Migrating to
Payment Banking
the new breed
SMS Banking 585k+ Active Card & 213k+ Agents of banking
services
QRIS merchant ▲ 14.9% yoy
ATM Trx Volume
IDR 8.5 Tn ▼ 49.5% yoy Acquiring Trx Volume # of Transaction Launched on 5 July 2024
13,402 ATMs IDR 113.2 Tn 79.4 Mn ▼ 7.2% yoy
No of Trx Trx Volume Total No of Trx
▲ 29.4% yoy
Trx Volume 688 Mn ▼ 4.2% yoy IDR 191 Tn 195 Mn
IDR 630 Tn
▼ 6.2% yoy
E-wallet BNI Open API All Mobile Banking Channel
No of Trx (Mn)
Internet Banking
Ecosystem
912.3 Mn Trx Volume (IDR Tn) 13.6 mn cards in Total Trx Volume
2,000++ Partners
▼ 23.2% yoy IDR 18.9 Tn ▼ 35.8% yoy circulations IDR 1.687 Tn▲38.7% yoy
280 API Services
▲ 14.1% yoy
No of Trx (Mn) Best in class – open Total No of Trx
Trx Volume (IDR Bn)
10.3Mn ▼ 26.4% yoy IDR 2.78 Tn banking ecosystem 1.574 Mn ▲ 50.9% yoy
▲ 23.0% yoy digitalservices.bni.co.id
*data as of FY24
PT Bank Negara Indonesia (Persero) Tbk. Page 35
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01 Management 02 Financial 03 04 Digital 05
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FY-2024 Digital Initiatives Highlight highlight Initiatives
wondr by BNI and BNI Mobile Banking as mobile banking channel remains
the customer's preferred digital channel for everyday transactions
Mobile Apps Transaction Value Registered Users
All Mobile Banking (in Mn) Transaction Frequency (in Mn)
has Surpassed ATM’S
Quarterly Transaction Value (Rp. Tn)
397 391
44.4 % 50.9 %
23.4 1,574
347
360 YoY YoY
331 341
16.2 5.3 195
288 1,043
255 13.6
234
206 211 597 1,379
192 190 196 193 16.2 18.1
174 174
168 165
163
178 170
165 154 167 158 13.6 1,043
149 160 151 142 150 142 597
131 138 130
117
3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
Dec-22 Dec-23 Dec-24 FY-22 FY-23 FY-24
ATM Mobile Banking
wondr by BNI BNI Mobile Banking wondr by BNI BNI Mobile Banking
Average Daily Mobile
Transaction Value (in IDR Tn) Banking Transaction Frequency
Best-in-Class Mobile Banking App Leads (in Mn)
to More Sticky Users
38.7 %
Outstanding Banking
Transformation of The Year # of Transaction per Avg. Transaction Retention Rate
YoY
50.5 %
Active user per Month Value (Rp. Mn) (%)** 1,687
YoY
191
1,216
802
4.30
1,216 1,495 2.86
The Most Innovated and Product and business
91.0 802 1.64
Creative Communication
Strategy
Model Category, Super
Apps wondr by BNI
19.3 25.5 1.07 90.0
FY-22 FY-23 FY-24 FY-22 FY-23 FY-24
Dec-23 Dec-24 Dec-23 Dec-24
wondr by BNI BNI Mobile Banking
*Data as of Dec 2024
**% of users who return to perform' transactions from the previous month
PT Bank Negara Indonesia (Persero) Tbk. Page 36
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Digital Initiatives Highlight highlight Initiatives
2024 was just the beginning—
Get ready for more exciting,
user-inspired features in 2025.
2024 2025
Wealth Builder wondrful Lifestyle
Live to the
fullest and enjoy
travelling,
community
engagement or
attend
• Create new investment accounts international
easily music festival
• More investment diversification with upcoming
with primary and secondary bonds Lifestyle
features.
Public Release – 5 July Global transaction capabilities for multi
• Transaction: seamless and secured currency transactions anywhere
transactions for everyday banking, bill
payments, and online shopping App version 1.2.0 - Nov
Integration with
• Insight: Reflect on income and spending to
• Enabling Foreign exchange BNI subsidiaries
make smarter financial decision
transaction makes you
• Growth: Plan and grow your finance to
• Plan for the future with Life Goals • Behavioral insight for a better effortlessly
achieve long term goals.
term saving financial planning realizing your
• Diversify assets with USD and SGD • Smart budgeting for personal dream and
Time Deposits and family needs aspiration
• More transactional features for
easier daily activities
Global Citizenship
PT Bank Negara Indonesia (Persero) Tbk. Page 37
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Digital Initiatives Highlight highlight Initiatives
Branchless Banking
Empowering Agents With > 16.3K Agents Are Located in Frontier,
Solid Contribution to Financial Inclusion
Powerful Mobile Agent App Remote and Disadvantaged Areas
213K Agents
8k
4.4k
+14.9% yoy 3.8k
Spread Across:
6 Thousand 34 Thousand
Districts Villages
Chargeable Transactions at Agents
Continues to Increase as Literacy Improves
85%
Inclusive Services
59%
• Online Account • Cash Withdrawal and • Government 32%
Opening Deposit Subsidy 14% 12% 14%
• Money Transfer • Tax and Bill Payment • KUR Loan referrals
User Plenty Bill payment 2019 2020 2021 2022 2023 2024
Friendly Services % chargeable transaction to total transaction in Agen46
BNI Agen46 Improves The Quality of Life
Realtime Sharing Financial Report and Productivity of MSMEs
Fee for Agents Transaction # of Transactions at Agen46 by Type
More Additional Linked to BNI Grocery store, bundled with all-in-
Features, Promo Digital Loan Cash Withdrawal
& Information e-Form (KUR Mikro)
one financial services of Agen46 22%
Phone Billing
• Increase Customer Traffic
79,4 Million 46%
Online Account • Commission-based income for 5%
FY24
BNI Transfer
Opening, Cash facilitated transactions Interbank Transfer
13%
Withdrawal & Deposit
Others (Incl Cash Deposit, Top Up E-wallet)
14%
PT Bank Negara Indonesia (Persero) Tbk. Page 38
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Digital Initiatives Highlight highlight Initiatives
Harnessing the power of open banking
BNI Open API
digi tal ser vices. bni .co. id
2023 Best Banking API Solution
BNI API 280 services (approved by
Utilized by Indonesia Domestic API
in Indonesia
regulator), the most compared to
2.000++ partners Initiatives of The Year 2024
peers Global Recognition
We Optimize All Three Possible Roles in Every Ecosystem Optimizing API to BNI’s Core Operational
Presenting comprehensive Using partner’s platform as a Provides services to Digitized stamp for Quick & Simple fund
offer of the ecosystem channel to sell bank’s partners so they can contract documents valued transfer API provided by
through a platform products potentiate their products more than IDR 5 Million Bank Indonesia
Providing integrated holistic Partner with e-commerce, Customize bundled solutions
solutions, such as government, lifestyle companies to sell Smart & secure contract BNI is one of 20 BI Fast
into new products in stamps to prevent fraud Sponsor Bank
education, health, commerce funding and lending products
collaboration with partners
POWERED BY* : POWERED BY :
PT Bank Negara Indonesia (Persero) Tbk. Page 39
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Digital Initiatives Highlight highlight Initiatives
Solid Digital Solutions for Business Banking Clients
Ample Room for Growth # of Users (in 000)
14.6%
75%
• Strong penetration rate in Corporate clients: YoY
of total transaction value comes from Corporate Clients 173
151
• Corporate Clients’ transaction value increased by 42% YoY
Dec-23 Dec-24
Transaction Value (in IDR Tn)
23.3%
YoY
7,931
6,433
FY-23 FY-24
Payment Management Value Chain Management # of Transactions (in Mn)
36.5%
Collection Management Open Banking Solution
YoY
receivables
1,257
921
Liquidity Management
FY-23 FY-24
PT Bank Negara Indonesia (Persero) Tbk. Page 40
Page 43
Business & Consumer Banking
Page 44
01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Business & Consumer Banking Highlight highlight Initiatives
High quality growth on business banking
Growth (%) NPL (%)
Business Banking (IDR Tn) Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
QoQ YoY
Comp (%)
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Manufacturing 140.9 139.9 144.6 146.5 154.9 5.7 9.9 25.1 3.2 2.6 3.6 3.8 3.0
Trading, Resto & Hotel 111.4 110.0 119.0 117.4 111.6 -5.0 0.1 18.1 3.2 3.3 2.5 2.5 3.5
Agriculture 56.0 54.1 51.7 50.2 48.0 -4.2 -14.2 7.8 1.5 1.5 2.3 2.6 1.7
Business Services 47.4 46.6 45.8 45.9 50.9 10.9 7.3 8.2 2.3 3.1 2.0 1.4 1.1
Infrastructure 54.5 56.2 55.5 55.0 55.5 0.9 1.9 9.0 1.6 1.3 1.1 1.0 0.8
Transport, Warehouse &
50.2 50.7 55.7 55.3 61.6 11.4 22.7 10.0 1.8 1.9 1.4 1.3 2.6
Communications
Social Services 25.6 26.4 29.1 29.0 46.2 59.4 80.9 7.5 1.6 1.2 0.8 0.8 0.5
Natural Resources 44.8 41.4 47.5 50.7 51.2 1.0 14.3 8.3 0.4 0.3 0.1 0.1 0.1
Electricity, Gas & Water 27.6 27.2 27.7 27.7 31.5 13.8 14.0 5.1 0.9 0.1 0.1 0.1 0.1
Others 3.2 3.2 4.1 5.2 5.7 9.8 80.5 1.0 0.1 0.1 0.9 0.7 0.9
Total 561.6 555.7 580.7 582.9 617.1 5.9 9.9 100 2.2 2.1 2.1 2.1 2.0
Manufacturing Trading, Resto, Hotel Transport, Warehouse, Communication
19 0.0
154.9
15. 0%
10.0%
140.8 146.5
15 0.0
17 0.0
139.9 144.6 119.0 117.4
70. 0
61.6 10. 0%
15 0.0 13 0.0
111.4 110.0 111.6 50.2 55.7 55.3
13 0.0
10.0% 11 0.0
60. 0
50.7
11 0.0 50. 0
90.0
3.5%
90.0
3.3% 5.0% 40. 0
70.0
3.2% 2.6% 3.6% 3.8% 3.0%
70.0
3.2% 2.5% 2.5%
5.0%
50.0
5 .0% 30. 0
2.6%
50.0
1.8% 1.9% 1.4%
30.0
10.0 30.0
20. 0
1.3%
10.0
- 10.0 0.0%
0.0%
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
10.0
0.0%
-
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Amount NPL Amount NPL
Amount NPL
PT Bank Negara Indonesia (Persero) Tbk. Page 42
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Business & Consumer Banking Highlight highlight Initiatives
Consumer Business
Growth NPL (%)
Product (IDR Tn) Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Comp (%) NPL Movement - %
YoY Dec-23 Dec-24
Mortgage 58.5 60.1 62.2 63.8 66.5 13.8% 46.7% 2.6 2.6
2.8 2.9 2.9
2.6 2.6 2.6 2.6
Personal Loan 50.6 52.1 53.8 55.9 58.0 14.6% 40.7% 0.8 1.0 2.2 2.3
Payroll Loan 47.3 48.8 50.3 52.3 54.4 14.9% 38.1% 0.8 1.0 1.7 1.7 1.7 1.7 1.8 1.8 2.4
1.6 1.6
Fintech Pay later 3.3 3.3 3.5 3.6 3.6 9.5% 2.5% 0.8 1.1 0.9 1.0
0.7 0.8 0.8 0.8 0.8 0.8
0.7
Credit Card 14.0 14.2 14.4 14.6 15.0 7.3% 10.5% 1.7 2.4 0.2 0.1
0.8
0.1 0.1 0.1 0.1
0.5 0.5
Others 1.4 1.8 2.3 2.7 3.0 106.3% 2.1% 0.1 0.8 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Total 124.5 128.3 132.7 137.0 142.5 14.5% 100.0% 1.7 1.9 Mortgage Personal Loan Credit Card Others
Ample Room for Growth for Payroll Loan
Personal Loan Debtors Composition Dec-24
4,494
3,796 3,705 3,623 3,735 23.8%
3,392 3,426 3,510 3,529
36.8%
2,724 342 352
2,302 312 335
295 308
261 269 281 4.6% IDR 58.0 Tn
234
185
11.8%
23.1%
2017 2018 2019 2020 2021 2022 2023 Mar-24 Jun-24 Sep-24 Dec-24
Number of Payroll Account [Thousand] Number of Payroll Loan Account [Thousand] Government Related SOE Private Companies Universities Other
PT Bank Negara Indonesia (Persero) Tbk. Page 43
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ESG
Page 47
01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 ESG Highlight highlight Initiatives
BNI Strong Commitment to Sustainability
BNI’s Five Pillars of Sustainability, Aligning Business
First Mover and Consistently Taking a Role in Shaping Sustainable Practices
to UN SDGs
• Reinforcement of GHG reduction commitment with an NZE
BNI FOR INDONESIA roadmap targeting operational NZE by 2028 and financing NZE by
Running the company’s business by integrating 2060.
economic, social, environmental and governance Demonstrating • Integrating ESG risk management into Risk Acceptance Criteria
aspects. continuous (RAC) across various industry sectors
progress • MSCI ESG Rating at BBB attributed to robust workforce
management, corporate behavior, and privacy & data security, as
BNI FOR CUSTOMERS well as maintaining Medium Risk of Sustainalytics' ESG Risk Rating.
Providing excellent services, digital solutions, • Adapting International ESG Reporting Standards.
security, and privacy protection for all customers.
• Enhancement pf green financing as part of the bank’s commitment
towards sustainability.
Commitment to
BNI FOR THE ENVIRONMENT participate in • Strengthening the climate risk management framework by
Improving environmental quality in line with integrating CRMS (Climate Risk Management & Scenario Analysis)
the green
business development. into business decision making.
transition &
climate action • Playing an active role as a partner in the client’s transition journey.
• Green Office Culture (BNI Go Green) and Zero Waste to Landfill
BNI FOR THE COMMUNITY Program.
Increasing awareness and responsibility to all
levels of society in line with business
development. • Respectable Good Corporate Governance practices.
Responsible • Fair operating, human rights, and labor practices.
Business • Zero data breach with high standard of customer data privacy
BNI FOR EMPLOYEES Operations and security protection.
Providing the best conditions for employees • Zero tolerance for fraud and financial crimes.
as a place of pride for work and accomplishment.
• Effective CSR Program.
PT Bank Negara Indonesia (Persero) Tbk. Page 45
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01 Management 02 Financial 03 04 Digital 05
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FY-2024 ESG Highlight highlight Initiatives
BNI ESG Framework along with strong commitment in climate action
Strong commitment to participate in climate
Environment Social action by conducting Climate Risk Stress Test
(CRST)
Conducting climate-related
Increasing employee
financial risk management by
referring to international standards. S engagement Why does CRST matter?
CRST helps us to measure financial
Achieving Operation NZE (Net Zero Emission) Employee capability and operational resilience against
by 2028 and Financing NZE by 2060 enhancement climate change and environmental
ESG CRST changes
Framework Strengthening customer data
Governance reinforcement in ESG loans
E G
and financial protection ▪ Covering 50% of total loans as part of our
broader strategy to evaluate debtors’
environmental risk exposure
Increasing employee’s awareness ▪ Focusing on industries including natural
& capabilities resources, power plants, construction,
Governance PROGRESS transport & warehouse, agriculture,
manufacture, as well as mortgage.
Sharpening ESG disclosure
Increasing diversity in Board
level
The results were submitted to OJK in Jul-
24 and still under review.
Strengthening Board’s
OUTPUT
engagement on ESG
Short Term Focus (2023-2024) Medium Term Focus (2024-2026) Long Term Focus (≥2027)
▪ Expanding CRST calculation coverage to
• Strengthening infrastructure • Strengthening debtors’ Risk Acceptance Implementation of climate change risk 100% of the productive credit portfolio
• Establishing Net Zero Emission Criteria (RAC) management in bank operations ▪ Encouraging clients’ transition plan
roadmap and Carbon Budget • Strengthening infrastructure for climate ▪ Integrating climate risk into credit
change risk management ACTION underwriting
• strengthening Board’s engagement on ESG
• Optimizing data loss prevention
PT Bank Negara Indonesia (Persero) Tbk. Page 46
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 ESG Highlight highlight Initiatives
Use of proceeds of 2023 Green Bond issuances
Green Bond Framework Use of Proceed Environmental & Social Impacts
Proceeds will be used exclusively to Categories Environmental Impact Alignment with SDGs
finance/refinance assets directly related to 87,3%
"Eligible Green Projects" in accordance with the
Green Bond Principles (related to 10 categories As of 2023, 87.3% of
of green investment): proceeds have been
Sustainable IDR 5,0Tn allocated according to
Renewable Energy Transportation
green bond project
Climate Change selection criteria and
Energy Efficiency Adaptation
BNI ESG Committee
Waste to Energy and Sustainable Water review.
Waste Management and Wastewater
Management
18% Sectorial distribution
Sustainable Natural of the proceeds
Sustainable
Resources and Land 53%
Agriculture
Use
Sustainable Transportation
Terrestrial and Aquatic Green Buildings
Biodiversity Conservation Green Building
13% IDR 4.4Tn
Renewable Energy
Sustainalytics Opinion on
Green Bond Framework Waste to energy and
“BNI is adequately positioned to issue green bond 8% waste management
and that the Framework is robust, transparent, and 8% Sustainable Natural
in alignment with the four core components of the Resources and Land Use
Green Bond Principles 2021”
*) BNI Green Bond Report 2024 can be accessed on https://www.bni.co.id/Portals/1/BNI/Perusahaan/ESG/Docs/BNI-Green-Bond-Report-2024.pdf
PT Bank Negara Indonesia (Persero) Tbk. Page 47
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 ESG Highlight highlight Initiatives
Promoting Sustainability Linked Loan (SLL) on Top of Sustainable Portfolio
Sustainable portfolio IDR 190.5 Tn or 25% of total loan (bank only) Sustainability-Linked Loans (SLL) are gaining more interest
consist of socioeconomic empowerment and green financing
Sosioeconomic Advancement & Loan disbursement SPT (Sustainable
Environmentally sustainable Sector
Empowerment under SLL scheme Performance Target)
management of living natural
IDR 117 Tn resources and land use
Minimizing the
Financing and empowerment
program towards micro & SME IDR 32.4 Tn Agrifood
impact
Manufacture
of water pollution
Renewable Energy Others
IDR 13.0 Tn
(Sustainable water and wastewater
management, etc.)
Financing to hydro, solar & IDR 25.1 Tn Cement Achieving specific
biogas power plant Manufacture CO2 emissions
Pollution Prevention ~ USD
IDR 2.9 Tn Steel 374mio Improvement of ESG
Manufacture scoring on annual
basis
in total
BNI Green Portfolio as of FY2024
Strong growth of green financing Reducing emissions,
drove composition to total loans Packaging
recycling resin and
doubling in the last 4 years
123.2 113.2 117.1 Manufacture
117.0 gender equality
113.8 cagr
25.6%
5.3% 9.7% 55.4 59.7 67.9
8.1%
yoy
73.4
Reducing GHG
Dec-20 Dec-24 29.5
Coal- emissions, increasing
2020 2021 2022 2023 2024 Derivative employee training
Green Social Manufacture program
* Sustainable portfolio is loan to business sectors that meet The Sustainable Business Activities Category (KKUB) requirements by OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 48
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01 Management 02 Financial 03 04 Digital 05
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FY-2024 ESG Highlight highlight Initiatives
Sector Guides of Responsible Financing
BNI Credit Policy Agriculture – Palm Oil Coal
No Exposure in The palm oil sector guide applies to all palm oil The coal financing guide applies to coal mining and its
plantations, crude palm oil mills, palm oil refiners, and supporting business (trader and heavy equipment suppliers)
traders
Prohibited by the
government Obligations to fulfill a mandatory business permits: Plantation Business Permit (IUP), Financing to coal mining is strictly for Top Tier Corporates
Cultivation Business License (IUP-B), Plantation Business Registration (IUP-P), with good ESG practices
Plantation Business Registration (SPUP)
Illegal logging Legal requirement for the debtor’s business to have an
We require new palm oil debtors to have RSPO or ISPO, and request customers to Environmental Impact Analysis (AMDAL)
Forced labor, child achieve full RSPO certification within a timeframe in order to expand their target
exploitation, human Debtors have at least a Blue PROPER (Environmental
market.
Performance Rating) from the Ministry of Environment Life
rights violation
and Forestry
For Medium segment, requirement for ISPO is applied as affirmative covenant. the
fulfilment of which will be monitored regularly by RM and become subject to periodic Debtors agree to comply with the loan agreement clause
Violating the rights
internal audit that they will comply with all applicable environmental
of local community regulations and required documentations. The failure to
satisfy it will impact loan continuity
Destroying world Committed to implementing the No Deforestation, No Peat, and No Exploitation
(NDPE) policy Have strategies to reduce negative impacts on the
heritage sites environment and social
Narcotics Have strategies to reduce negative impacts on the environment and social There is no forced labor or employment of minors
productions
& trading % COAL TO TOTAL LOAN COAL LOAN BREAKDOWN
% PALM OIL TO TOTAL LOAN % PALM OIL PORTFOLIO (BANK ONLY)
PALM OIL LOAN BREAKDOWN
Weapons (BANK ONLY) WITH RSPO AND/ OR ISPO
0.04%
1.5%
0.9% 4.2%
Gambling 5.1%
7.3% 20%
& money 22.9%
laundering
Politically
Exposed Person
(PEP)
76.3% 80% 93.4%
Trading protected 95.8%
92.7%
animals Coal Trading Equipment Briquette
Coal others Mining Suppliers Industry
Palm Oil Plantation Refinery & Palm Oil Mill Trading RSPO and/ or In the certification
ISPO Certified process
* sustainable portfolio is loan to business sectors that meet the requirements of The Sustainable Business Activities Category(KKUB) of OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 49
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01 Management 02 Financial 03 04 Digital 05
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FY-2024 ESG Highlight highlight Initiatives
Best-in-class governance becomes corporate priority
Top Management Good Corporate Governance practices
The Board of Commissioners Protection of minority
One share, one vote shareholders and initiatives to
6 out of 11 are independent
commissioners
foster their involvement
Audit Committee Risk Monitoring Predicate as a “Leadership in
Committee
All Committees under BOC are ISO 37001:2016 Corporate Governance”
Based on the 2024 ASEAN Corporate Governance
Nomination & Integrated chaired by an independent Concerning Anti Bribery
Scorecard (ACGS) standard from the Indonesia
Remuneration Governance commissioner Management System Institute for Corporate Directorship (IICD),
Committee Committee BNI still place in the predicate “Leadership in
Corporate Governance”
The Board of Directors All BOD members are • Respecting and supporting intellectual
independent from the controlling property Protection
shareholder Fair Operating Practices • fair trade practices and avoiding monopoly
• Maintaining mutual trust and fair relations with
BNI fosters and supports the principles of diversity, equality and non-
& Competition business partners/suppliers/vendors in
discrimination accordance with the code of conduct and
integrity pact.
17% (2 out of 12) BOD are
female
BNI Code of Ethics Whistleblowing System
25% 25% 50%
BOD distribution by age by Annual Declaration
Dec-24 Training/Socialization
<50 years old 50 - 55 >55 years old
PT Bank Negara Indonesia (Persero) Tbk. Page 50
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 ESG Highlight highlight Initiatives
Embodying Sustainability Culture
Employee Diversity Products/Services with Environmental Impact
2,715 units of ATM BNI UMKM Ramah
Women Men Lingkungan (BUMI)
Gender for Disabilities
52% 48% BNI encourages MSMEs to be more
Equipped with voice services and
green in their operational. As of Dec
braille to help people with visual
2024, BNI has distributed IDR 38.9 Bn
25-29 35-40 >50 and physical disabilities to 164 MSMEs in the craft industry
19% 24% 9% sector.
BNI WWF Affinity Card
Age Cardholders can participate in BNI Jejak Kopi Khatulistiwa
funding conservation activities (JKK)
through a sharing fee of 0.4% Aiming to boost financial inclusion, build
<25 30-34 41-50 from each retail transaction. a green economy ecosystem and
4% 23% 21% prepare coffee farmers for global
BNI Amex Vibe Card markets. As of Dec 2024, BNI has
Targeting youth segment, distributed IDR 67.2 Bn to 525 coffee
With card using recycled farmers.
materials
Empowering Women in Top Management
Green Office Culture
Gender Women Men
31% 69%
• Green Building Certification by the Green Building Council Indonesia (GBCI) with
Gold Certification for Menara BNI and Platinum Certification for Plaza BNI
Note: • Wastewater management systems in 2 HQ buildings (Menara BNI & Plaza BNI)
1. Top Management defines as AVP, VP, SVP, EVP, and SEVP Level equivalent to 40% of its total yearly water consumption
2. All figures stated as of Dec 2024 with the total number of full-time employees:
• Solar panel installation for the emergency exit in Plaza BNI
27.203
3. The recruitment, compensation, and career advancement policies of the bank • Adopting a paperless office administration system (E-Office)
make no distinctions based on ethnicity, religion, race, gender, or
physical disability.
• Green campaign through various media
United Nations Environment Indonesia Sustainable Indonesia Business Indonesia Green Indonesia Human
Association Programme Finance Finance Initiatives (IKBI) Council for Sustainable Building Council Capital Forum
membership Initiatives (UNEP FI) Founder/Member Development (IBCSD) (GBCI) (FHCI)
Member Founder/Member Member Member
PT Bank Negara Indonesia (Persero) Tbk. Page 51
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FY-2024 ESG Highlight highlight Initiatives
As a systemic bank, BNI put heavy emphasis on IT & Digital Risk Management
Establishment of CISO IT Security Governance
(Chief Information Security Officer) Centers on Three Pillars IT & Digital Risk Management Framework
▪ Security Policy
Technology GOVERNANCE PROTECTION OPERATION ▪ Security Awareness to employees & customers
& Operations ▪ Attack Simulation to employees
Director
PEOPLE ▪ Dedicated Cybersecurity Staff
SEVP
SEVP IT OPERATIONS
▪ Security Assessment
IT Strategy & Wholesale Banking Security Multi-layer 24x7 Security ▪ Cybersecurity Operation & Threat Management
Operations awareness defense Operation
Architecture Digital Delivery
mechanism Center (SOC) ▪ Penetration Testing & Vulnerability Assessment
Information
PROCESS ▪ Threat Intelligence
security Penetration Threat
Retail Digital Digital
CISO provisions testing intelligence
Delivery Operations
Organizational Incident User access Cybersecurity & Data Protections
capabilities management & management
Operations Application Credit forensics Multi-layer security on the infrastructure and network
Operations
Strategy & Development (firewall, IPS, WAF, Database Monitoring, multisite
Development
datacenter, DRC), application (Multi-factor
IT Application
TECHNOLOGY Authentication, Encryption, Secure Software
SORX*
Services Development Life Cycle, Mobile Application Protection),
Technology, end-point protection (Data Loss Prevention, Endpoint
Digital &
Operations IT Infrastructure Detection & Response, Antivirus, Hardening, USB Port
Management blocking) and secure data transmission mechanism
(data encryption, secured Global File Exchange system,
*) SORX: Senior Operational Risk Executive Secure File Transfer Protocol/SFTP, Virtual Private
Network/VPN, Secure Hypertext Transfer
Collaborating with official state bodies Standard & Best Practice Protocol/HTTPs) to protect the customer data from
(BI, OJK and BSSN), security device cyber threat.
principals and other communities to obtain User Access Management
information on threats and weaknesses,
the latest technology and products, as well Strategic Partner
Identity access management (IAM), Single-sign on (SSO),
as support when incidents occur Privileged access management (PAM), Active directory
for end-point access security.
PT Bank Negara Indonesia (Persero) Tbk. Page 52
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External Recognition of Our Best-in-Class ESG Practices
Joint Consumer
MSCI ESG Rating Sustainalytics Protection CNBC GCG Awards 2024
Movement BI 2024
MSCI ESG Risk Rating Ranking
INDUSTRY
ESG RATINGS 23.2
GROUP 375 out of 1026
BBB Medium
Risk
Banks
UNIVERSE
Negl Low Med. High Severe
CCC B BB BBB A AA AAA Global 6,244 out of 15,104
0-10 10-20 20-30 30-40 40+ Universe Best Practices for Anti-
Contributor to the Joint Graft Initiatives and
Last Report: Last Update: Consumer Protection Fostering Transparency
14 January 2025 20 September 2024 Movement BI 2024 15 October 2024
16 Desember 2024
SRI (KEHATI) Index Corporate Governance
IDX ESG Leader Index Perception The 15TH IICD Corporate Asia Sustainability Reporting
Constituent of Sustainable
Investment
1 of 30 Public Company Listed
Index (CGPI) Award 2024 Governance Award 2024 Rating 2024 (ASRRAT)
INDONESIAN
BIODIVERSITY
FOUNDATION
IDX ESG star-listed companies:
https://esg.idx.co.id/ The Best Overall Asia Sustainability Report
The Most Trusted Company in Corporate Governance
Period: Period: Rating (ASRRAT) 2024 - Gold
25 November 2024 28 November 2024
Dec 2024 – May 2025 Dec 2024 – May 2025 21 November 2024
* Based on the 2022 ASEAN Corporate Governance Scorecard (ACGS) standard from the Indonesia Institute for Corporate Directorship (IICD)
PT Bank Negara Indonesia (Persero) Tbk. Page 53
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About BNI
Page 57
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Board of Commissioner
PRADJOTO PAHALA NUGRAHA MANSURY
PRESIDENT COMMISSIONER/INDEPENDENT COMMISSIONER VICE PRESIDENT COMMISSIONER
▪ Vice President Commissioner, Bank Negara ▪ Vice Minister of Foreign Affairs (2023 – 2024)
Indonesia (2020 – 2023) ▪ Vice President Commissioner, Pertamina (2021 – 2023)
▪ President Commissioner, Panah Perak Megasarana ▪ Vice Minister of State-Owned Enterprise (2020 – 2023)
(2018 – 2019)
▪ Vice President Commissioner, Bank Negara
Indonesia (2015 – 2017)
SEPTIAN HARIO SETO ASMAWI SYAM
SIGIT WIDYAWAN
INDEPENDENT COMMISSIONER INDEPENDENT COMMISSIONER
INDEPENDENT COMMISSIONER
▪ Deputy of Investment and Mining Coordination at the ▪ President Commissioner, Bank Tabungan
▪ Independent Commissioner of Jasamarga Tbk.
Coordinating, Ministry for Maritime Affairs and Negara Tbk (2019)
(2015 – 2018)
Investment (2020 – present) ▪ President Director, Jiwasraya (2019)
▪ Director of Roda Pembangunan Jaya (2003-2015)
▪ Special Staff, Coordinating Ministry of Maritime and ▪ President Director, Bank Rakyat Indonesia
Investment Affairs (2018 – 2020) (2015 – 2017)
IMAN SUGEMA ERWIN RIJANTO SLAMET FADLANSYAH LUBIS
INDEPENDENT COMMISSIONER INDEPENDENT COMMISSIONER COMMISSIONER
▪ Commissioner, Bank Tabungan Negara (2016 – ▪ President Commissioner, Aplikasinusa Lintasarta ▪ Deputy Cabinet Secretary, Cabinet Secretariat
2019) (2021 – 2023) of the Republic of Indonesia (2021 - present)
▪ President Commissioner, Perusahaan Gas ▪ Board of Commissioners Member, Deposit Insurance ▪ Deputy for Political, Legal and Security Affairs,
Negara (2015 – 2016) Corporation Ex Officio Bank Indonesia Deposit Cabinet Secretariat of the Republic of Indonesia
▪ Senior Lecturer in Faculty of Economy, IPB Insurance Corporation (2017 – 2020) (2015 - 2021)
University ▪ Deputy Governor, Bank Indonesia (2015 – 2020)
ASKOLANI MOHAMAD YUSUF PERMANA ROBERTUS BILLITEA
COMMISSIONER COMMISSIONER COMMISSIONER
▪ Director General of Customs and Excise ▪ Deputy of Protocol, Press and Media of the ▪ Deputy for Law and Legislation, Ministry of
Directorate, Ministry of Finance (2021 – present) Presidential Secretariat, Ministry of State Secretariat RI State-Owned Enterprises (2023 – present)
▪ Director General of Budget, Ministry of Finance (2024 – present) ▪ President Commissioner, Bahana Sekuritas
(2013 – 2021) ▪ Commissioner, Bank Tabungan Negara (2023 – 2024) (2020 – 2023)
▪ Commisioner, Bank Mandiri (2014-2019) ▪ Head of Protocol Bureau of the Presidential ▪ Independent Commissioner, PT Bank Mandiri
Secretariat, Ministry of State Secretariat RI (2021 – (Persero) Tbk (2019 – 2020)
2024) ▪ Executive Director, Deposit Insurance Agency
(LPS) (2012 – 2019)
Source: Corporate Website
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Board of Director
ROKYE TUMILAAR PUTRAMA WAHJU SETYAWAN
President Director (CEO) Deputy President Director
▪ President Director, Bank Mandiri (2019-2020) ▪ Retail Banking Director, Bank Negara Indonesia
▪ Director Corporate Banking, Bank Mandiri (2018 (2023 – 2024)
- 2019) ▪ Treasury Director, Bank Negara Indonesia (2022 –
2023)
▪ President Director, Jaminan Kredit Indonesia
(2020 – 2022)
NOVITA WIDYA ANGGRAINI HUSSEIN PAOLO KARTADJOEMENA I MADE SUKAJAYA
Finance Director (CFO) Digital and Integrated Transaction Banking Director Enterprise and Commercial Banking Director
▪ Group Head Strategy & Performance Management, ▪ President Commissioner, Hibank Indonesia ▪ SEVP Remedial & Recovery, Bank Negara
Bank Mandiri (2020) (2023 – 2024) Indonesia (2023 – 2024)
▪ Group Head Accounting, Bank Mandiri (2017-2020) ▪ SEVP Corporate Development & ▪ Commissioner, BNI Sekuritas (2022 - 2024)
Transformation, BNI (2020 – 2024)
DAVID PIRZADA AGUNG PRABOWO RONNY VENIR
Risk Management Director Wholesale and International Banking Director Network and Services Director
▪ SEVP Wholesale Risk, Bank Mandiri (2018-2020) ▪ President Director, BNI Sekuritas (2021 – 2024) ▪ SEVP Network, Bank Negara Indonesia (2019-
▪ Country Chief Risk Officer, Bank of Tokyo ▪ Managing Director, UBS Investment Bank (2013 2020)
Mitsubishi UFJ, Jakarta (2015-2018) -2021) ▪ SEVP Medium Business, Bank Negara
▪ Managing Director, Barclays (2012 – 2013) Indonesia (2018-2019)
MUNADI HERLAMBANG *
CORINA LEYLA KARNALIES MUCHAROM
Institutional Banking Director
Retail Banking Director Human Capital and Compliance Director
▪ Institutional Relations Director, Jasa Raharja
▪ Digital & Integrated Transaction Banking ▪ Division Head of Corporate Communication &
(2021 – 2024)
Director, Bank Negara Indonesia (2023-2024) Secretariat, Bank Negara Indonesia (2021 –
▪ Finance, Human Capital & Risk Management
▪ Consumer Banking Director, Bank Negara 2022)
Director, Wijaya Karya Bitumen (2019 – 2021)
Indonesia (2020 – 2023) ▪ Division Head of Strategic Planning, Bank
TOTO PRASETIO ▪ General Manager of Data Management & Negara Indonesia (2017 – 2021)
Technology and Operations Director Analytic Division, Bank Negara Indonesia (2019-
2020)
▪ SEVP Information Technology, Bank Mandiri
(2019 – 2022)
▪ Group Head IT Application Support, Bank Mandiri
(2017 – 2019)
▪ Head of IT Project Management, Bank Mega
(2015 – 2017)
Source: Corporate Website *Has not been effective until approval from OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 56
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Network and Distribution
Commercial Retail Productive Consumer Loan
Branchless Outlets
ATM Business Center Business Center Processing Employees
Banking (KC, KCP, KK*)
(CMC) (RCC) Center (LNC)
2024 213,370 2024 13,388 2024 20 2024 26 2024 12 2024 1,780 2024 27,203
2023 185,697 2023 13,390 2023 19 2023 26 2023 12 2023 1,781 2023 27,570
2022 164,979 2022 16,125 2022 23 2022 27 2022 12 2022 1,808 2022 27,170
2021 157,632 2021 16,385 2021 23 2021 27 2021 12 2021 1,854 2021 27,177
2020 152,762 2020 18,230 2020 33 2020 25 2020 12 2020 1,889 2020 27,202
BNI has also entered Overseas Offices
into key arrangements Singapore Nov 1955
with prominent Hongkong Apr 1963
companies for payment Tokyo
New York
Sep 1969
Apr 1983
channelling, financing, London Apr 1984
loan distribution, and Osaka Dec 2012
Seoul Feb 2016
network/outlet Amsterdam May 2022
development Sydney Sep 2024
Individual Customer Highlights Corporate/SME Customer Highlights
70.0 million 22.7 million 1.9 million 246,203 305,900 653 2,473 302,774
Funding Regular Saving Credit Cards Mortgage Business Banking Corporate Medium Loan Small Loan
Accounts Accounts Customers Debtors Debtors Debtors Debtors
*Including overseas debtors
*As per POJK No.12/POJK.03/2021, KK is registered as KCP
PT Bank Negara Indonesia (Persero) Tbk. Page 57
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E-Banking (Bank Only)
Mobile Banking is set to become Expanding the network of banking services
the dominant banking channel for customers to unbanked people through Agen46
E Channel Branchless Banking
2022 2023 2024 YoY (%) 2022 2023 2024 YoY (%)
wondr and BNI Mobile Banking # Agent 164,979 185,697 213,370 14.9%
Agent Fund (IDR Bn) 2,711 3,653 4,818 31.9%
#User (Th) 13,632 16,277 23,433 44.4%
#Trx (Mn) 83.02 85.49 79.35 -7.2%
#Trx (Mn) 597 1,043 1,574 50.9%
Volume (IDR Tn) 73.80 59.91 51.97 -13.3%
Volume (IDR Tn) 802 1,216 1,687 38.7%
#Pandai Account (Th) 20,005 20,021 20,178 0.8%
SMS Banking
Pandai Fund (IDR Bn) 920 1,119 1,124 0.4%
#User (Th) 12,603 12,695 12,695 0.0%
Reliable Transaction Platform to Support
#Trx (Mn) 698 660 688 4.2% The Cashless Society
Volume (IDR Tn) 27 17 9 -49.5%
Electronic Money & Acquiring
Internet Banking
2022 2023 2024 YoY (%)
#User (Th) 2,176 2,217 2,217 0.0% BNI Tap Cash
#Trx (Mn) 17 14 10 -26.4% #Card (Th) 9,710 11,948 13,632 14.1%
Volume (IDR Tn) 39 30 19 -35.8% #Trx (Mn) 57 93 116 24.7%
Volume (IDR Bn) 1,531 2,259 2,779 23.0%
ATM
Acquiring (EDC + QRIS + Online Merchant)
#Trx (Mn) 1,374 1,189 912 -23.2%
#Trx (Mn) 115 270 459 69.8%
Volume (IDR Tn) 676 631 630 -0.2%
Volume (IDR Tn) 82 87 113 29.4%
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A one-stop shop for lifetime finance and business needs
Investment
Life Insurance Securities Venture Capital
Manager
% BNI Ownership % BNI Ownership % BNI Ownership % BNI Ownership
60.0% Empowering customer with 75.0% Respected investment
99.9% (through BNI Sekuritas) 99.9%
banking and securities
Life Insurance Services
Revenue Mix brokerage services Catalyst between BNI's business
Strong Value Proposition as an
Rank in Industry Large customer base for groups and start-ups.
Rank #1
18% 16% Others
Investment Manager that focuses on
Bancassurance and
#10 Employee Benefits
business.
55% 48%
Investment Banking
Investment
index mutual funds, environmentally
friendly and fixed income.
• Founded on April 2022
(in form of Gross
27% 36%
Banking Revenue • Obtained OJK license
Rank #3
Written Premium)
Rank #8 on January 2023
3% Brokerage
Des-23 Des-24
Top Product 34% Asset Under Market share of Index
Life Insurance with Composition
Formed on March 22, 2021, to expand Management Mutual Fund BNV Investee
of GWP
Endowment Benefit
Dec-24 BNI Sekuritas proposition as a
5.0% 30
(Solusi Series, Hy End 63%
Pro, and Steady regional player capable of providing
Protection) banking and capital market services
in global financial markets. AUM Market APERD
Bancassurance Employee Benefi t Agency Share Partnership
Digital First SME Bank Consumer Finance
% BNI Ownership Preparing an SME-Focused Digital Bank as Long- % BNI Ownership New Car Financing franchise, emerges as a market
63.9% Term Growth Engine for The Group 99.9% contender
18 May 2022
Loan Portfolio Mix (%)
Rank new booking
Officially acquired PT
Bank Mayora
Number of Clients in Industry New Booking Joint
~ 1,5 M CIF 34% #22 -> #8 Financing BNI – BNI
17 May 2023
Rebranding as (Nov’23) (Nov’24) Finance
Dec-24
hibank to support
▲1,080%
72%
66%
the vision of
Total Loan NPL
becoming Indonesia's Total Deposit Dealer Partnership No of outlet YoY
Leading MSME
Digital Bank. ▲33% YoY ▲75% YoY -0.4% YoY financing (Rp0.1 T → Rp1.2 T)
(Rp9.5 T → Rp12.6 T) (Rp6.0 T → Rp10.5 T) SME Non SME
(1.2% → 0.8%) 1,655 Dealer 52 Outlets portfolio with a (Dec’23) (Dec’24)
(Dec’23) (Dec’24) (Dec’23) (Dec’24) (Dec’23) (Dec’24) tenor of 4-5 years
PT Bank Negara Indonesia (Persero) Tbk. Page 59
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Subsidaries Contribution to BNI Group
Group Structure Total Asset (IDR Tn) Net Profit (IDR Bn)
568.7
53.3
MULTIFINANCE SECURITIES LIFE INSURANCE REMITTANCE BANK VENTURE CAPITAL 46.4 433.7
1983 1995 1996 1996 2022* 2022
99.99% 75.00% 60.00% 100.00% 63.92% 99.98% 2023 2024 * 2023 2024 *
Total Subs Contribution (IDR Bn)
ASSET
SECURITIES
MANAGEMENT
2011 2021
99.90% 100.00% 2,677.1
2,228.5
Year of establishment Shares ownership
Note: as of February 2021, the financial summary (report) is excluded BNI Syariah as a consolidated calculation. 2023 2024 *
* Year of acquisition
Note:
- *) Data Unaudited
- Total Contribution consist of Net Profit +Fee Income + Share Investments
- Fee Income : Contribution of subsidiaries which is directly recorded as FBI in BNI (parent company)
PT Bank Negara Indonesia (Persero) Tbk. Page 60
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Subsidiaries Highlighted Performances
BNI Securities
BNI Life Insurance BNI Finance
Consolidated
462.2 85.9
409.9 393.8 70.9 1.7
1.5
333.8 4.5 2.8
297.9 341.4
38.9
14.3
26,660 11.2 10.8 -102.2 6,076
23,359 24,964 2,424
1,983 -114.5
1,622 3,789
1,302 847
1,158 1,172
851
6,012 6,361 6,382
1,020 153
2022 2023 2024 * 2022 2023 2024 * 2022 2023 2024 *
BNI Remittance LTD HIBANK BNI Ventures
-0.2
9.8
130.2 132.4
-2.5 82.0 4.0
3.7
-2.9 17,799 528.0
18.8
14,599 517.7
11,589
11.4 11.3 511.4
8.6 507.9
8.3 505.1 503.8
6.1 4,330 4,470 4,597
2022 2023 2024 * 2022 2023 2024 * 2022 2023 2024 *
Note:
- *) Data Unaudited
Asset (IDR Bn) Equity (IDR Bn) EAT (IDR Bn) FBI contribution to BNI (IDR Bn)
PT Bank Negara Indonesia (Persero) Tbk. Page 61
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Capital Ratios are Well Above Minimum Requirement (Bank Only)
21.95% 21.83% 21.40%
20.52% 20.67% 1.49%
1.71% 1.44%
1.63% 1.58%
1.43% 1.34%
1.36%
1.43% 1.43%
Regulatory
Requirement
18.81% 17.46% 17.66% 19.00% 18.60%
13.8% 2.5%
Min. CAR based on (Capital Conservation
Risk Profile + add Buffer)
buffers 1.5%
(Capital Surcharge
on Systemic Bank)
9.8 %
CAR based on Risk 9.8%
Profile (CAR based on Risk
Profile)
Dec 23 Mar 24 Jun 24 Sep 24 Dec 24 Notes:
Countercyclical buffer = 0%
CET 1 AT 1 Tier 2 CAR
PT Bank Negara Indonesia (Persero) Tbk. Page 62
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BASEL 3 Capital Requirement and BNI Capital Realization
2022 2023 2024 BBNI Capital Realization 2022 2023 Dec-24
Common Equity Tier I Capital (%)
Minimum Requirement 10.3 10.3 10.3
a Add On based on Bank's Risk Profile 1.80% 1.80% 1.80%
BNI Realization & Projection 16.1 18.8 18.6
Tier I Capital (%)
b Minimum Common Equity Tier 1 Capital 4.50% 4.50% 4.50% 11.8 11.8 11.8
Minimum Requirement
BNI Realization & Projection 17.5 20.2 20.0
c Tier 1 Capital Minimum 6.00% 6.00% 6.00% Total CAR Based on Risk Profile + Add Buffers (%)
1. BNI Risk Profile (Rating 2 Sound) 9.8 9.8 9.8
2. Capital Conservation Buffer 2.5 2.5 2.5
d Capital Conservation Buffer 2.50% 2.50% 2.50%
3. Countercylical Buffer 0 0 0
Countercyclical Buffer 4. Capital Surcharge 1.5 1.5 1.5
e 0.00% 0.00% 0.00%
(Applied to all bank) 13.8 13.8 13.8
Minimum Requirement (%)
CAR BNI Realization & Projection (%) 19.3 22.0 21.4
Capital Surcharge
f 1.50% 1.50% 1.50%
(Bank with systemic risk)
Risk Weighted Asset (Bank Only – IDR Tn) 2022 2023 Dec-24
Minimum Common Equity Tier 1
g 10.30% 10.30% 10.30% RWA - Credit Risk 586.1 609.2 660.2
+ Risk Profile + Additional Buffers
RWA - Market Risk 2.2 2.8 14.2
Minimum Tier 1 Capital based on
h 11.80% 11.80% 11.80% RWA - Operational Risk 93.0 35.0 37.4
Risk Profile + Additional Buffers
Total RWA 681.4 647.0 711.8
Minimum CAR + Risk Profile
i 13.80% 13.80% 13.80% Total Capital 131.3 142.0 152.3
+ Additional Buffers
CAR - % 19.3 22.0 21.4
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Breakdown Yield Earning Asset & Interest Bearing Liabilities (bank only)
2023 2024 Growth YoY
Breakdown Earning Asset
Amount (IDR Tn) Yield Amount (IDR Tn) Yield Amount Yield
Loan 687.9 7.8% 761.6 7.7% 10.7% -0.1%
Non Loan 263.2 5.5% 224.7 5.7% -14.6% 0.2%
Marketable Securities 150.7 4.5% 158.4 4.5% 5.1% 0.0%
Placement 75.4 4.3% 34.3 4.0% -54.6% -0.3%
Acceptance and other receivables 37.1 11.2% 32.1 14.0% -13.5% 3.8%
Total Earning Assets 951.1 7.1% 986.3 7.2% 3.7% 0.1%
2023 2024 Growth YoY
Breakdown Interest Bearing Liabilities
Amount (IDR Tn) CoF Amount (IDR Tn) CoF Amount CoF
Third Party Fund 801.7 2.2% 792.7 2.7% -1.1% 0.5%
Current Account 343.1 2.0% 301.5 2.6% -12.1% 0.6%
Savings 231.0 0.6% 256.7 0.7% 11.1% 0.1%
Time Deposit 227.6 4.1% 234.5 4.8% 3.0% 0.7%
Borrowings & Repo 36.7 7.9% 55.4 7.6% 51.0% -0.3%
MS Issued 21.9 4.7% 30.7 4.7% 40.2% 0.0%
Total Interest Bearing Liabilities 860.3 2.9% 878.8 3.4% 2.1% 0.5%
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BNI Shares & Rating
Historical Share Price Performance
Versus JCI – YoY Trend Market Cap Movement & PBV
Long Term Foreign Currency BBB- 37% 200
Long Term Local Currency BBB-/Stable 172 162
Fitch Short Term Foreign Currency F3 9% 10%
17%
115
126
4% 6% 1.40
Rating Viability Rating bb+ -5%
1.33
1.04 1.06 1.03
National Long Term Rating AA+/Stable -3%
National Short Term Rating F1+
-21% -19%
2020 2021 2022 2023 2024
2020 2021 2022 2023 2024
Market Cap (IDR Tn) PBV (x)
Outlook Stable BBNI Share Price - 1Y (%) JCI - 1Y (%)
Long Term Foreign Issuer Credit BBB
Standard
Long Term Local Issuer Credit BBB Diversified Shareholder Base
& Poor's Short Term Foreign Issuer Credit A-2
Short Term Local Issuer Credit A-2 10.2%
Breakdown of shares ownership Retail Geographical distribution of
free float shares (as of Dec-24)
Outlook Stable Ownerships Dec-23 Dec-24
23.5% Indonesia
Foreign Long Term Bank Deposits Baa2
30.2% US & Canada
Moody's
Local Long Term Bank Deposits Baa2 Government RI 60.0% 60.0% 40%
Baseline Credit Assessment Baa3 Free Float 27.2% UK & Europe
Adjusted Baseline Credit Assessment Baa3 Public - Shares 10.5% Rest of Asia
13.0% 13.7%
Domestic
Counterparty Risk Assessment Baa2/p-2
6.8% Singapore
Public -
27.0% 26.3% 2.5% Rest of The World
Foreign 89.8%
Pefindo Corporate Rating AAA/Stable Institutions
▪ Issued shares 37,297,312,916 shares
PT Bank Negara Indonesia (Persero) Tbk. Page 65
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5 Years Financial Data
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5 Years Financial Data (1)
Consolidated Balance Sheet (IDR Bn) 2020 2021 2022 2023 2024
Total Assets 891,337 964,838 1,029,837 1,086,664 1,129,806
Placement with other banks & BI 61,329 92,290 51,569 43,794 17,076
Marketable Securities [market value] 29,947 26,053 28,556 37,408 48,453
Government Bonds [market value] 90,661 111,430 121,291 127,100 132,072
Loans (gross) 586,207 582,436 646,188 695,085 775,872
Third Party Funds 679,452 729,169 769,269 810,730 805,511
Deposit from other banks 9,372 14,377 15,245 11,894 18,548
Marketable Securities Issued 3,085 18,751 22,110 21,822 30,674
Borrowings 44,114 32,458 35,654 30,950 42,931
Shareholders’ Equity 112,872 126,520 140,198 154,733 167,187
Consolidated Profit or Loss (IDR Bn) 2020 2021 2022 2023 2024
Interest Income 56,173 50,026 54,659 61,472 66,583
Interest Expense (19,021) (11,779) (13,338) (20,196) (26,103)
Net Interest Income 37,152 38,247 41,321 41,276 40,480
Premium Income Net 1,471 1,399 1,552 1,659 1,724
Fee Based Income 11,864 13,639 14,820 14,783 16,286
Recovery 1,549 2,581 3,780 5,030 6,025
Operating Income 52,036 55,865 61,472 62,747 64,515
Operating Expense (24,214) (24,801) (27,059) (27,778) (29,688)
Pre-Provision Income (PPOP) 27,822 31,064 34,413 34,970 34,826
Provisioning Charges (22,590) (18,298) (11,514) (9,196) (8,211)
Non-Operational Inc/(Exp) (119) (216) (212) (134) (35)
Net Income 3,280 10,898 18,312 20,909 21,464
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5 Years Financial Data (2)
Financial Ratios (%) 2020 2021 2022 2023 2024
LOAN Growth [Consolidated] 5.3 5.3 10.9 7.6 11.6
CASA Ratio [Consolidated] 68.5 69.4 72.4 71.2 69.9
CASA Growth [Consolidated] 5.6 17.1 10.1 3.6 -2.5
CAPITAL
Shareholders equity to total asset 12.7 13.1 13.6 14.2 14.6
Tier I - CAR (include operational risk) 15.7 17.7 17.5 20.2 20.0
Tier II - CAR (include operational risk) 1.1 2.0 1.8 1.7 1.4
Total CAR (credit,market + operational risk) 16.8 19.7 19.3 22.0 21.4
ASSET QUALITY
Net Non-Performing Loan 0.9 0.9 0.5 0.6 0.7
Gross Non-Performing Loan 4.3 3.7 2.8 2.1 2.0
Credit Cost 4.1 3.3 1.9 1.4 1.1
NPL Coverage 182.4 233.4 278.3 319.0 255.8
RENTABILITY
Pre-Tax ROAA 0.5 1.4 2.5 2.6 2.5
ROAE* 2.6 9.4 14.9 15.2 14.2
Net Interest Margin 4.5 4.7 4.8 4.6 4.2
EFFICIENCY
Cost to Income Ratio 44.2 43.3 42.6 42.9 44.6
LIQUIDITY
Loan to Deposit Ratio 87.3 79.7 84.2 85.8 96.1
DIVIDEND
Dividend Payout Ratio [%] 25.0 25.0 40.0 50.0 (TBA)
All ratios are bank only, unless stated otherwise
*ROAE with average total equity as denominator ; 15.8% in FY24 if the denominator is Tier 1 Capital as reported to OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 68
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01 Management 02 Financial 03 04 Digital 05
Asset Quality ESG
FY-2024 Equity Research Contact Details Highlight highlight Initiatives
Equity Research Contact Details
NO BROKERAGE ANALYST EMAIL
1 Bahana Securities Yusuf Ade Winoto Yusuf.ade@bahana.co.id
2 BCA Securities Andre Benas andre.benas@bcasekuritas.co.id
3 CGS International Handy Noverdanius handy.noverdanius@cgsi.com
4 Ciptadana Securities Erni M Siahaan Siahaanerni@ciptadana.com
5 Citi Investment Research Ferry Wong Ferry.wong@citi.com
6 CLSA Sarina Lesmina Sarina.Lesmina@clsa.com
7 Danareksa Securities Victor Stefano Victor.stefano@brids.co.id
8 DBS Bank Rui Wen Lim ruiwenlim@dbs.com
9 Goldman Sachs Melissa Kuang Melissa.kuang@gs.com
10 HSBC Singapore Weldon SNG Weldon.sng@hsbc.com.sg
11 Indo Premier Securities Jovent Muliadi Jovent.muliadi@ipc.co.id
12 JP Morgan Harsh Wardhan Modi Harsh.w.modi@jpmorgan.com
13 KB Valbury Securities Akhmad Nurcahyadi Akhmad.nurcahyadi@kbvalbury.com
14 Korea Investment & Securities Co Ltd. Edward Ariadi Tanuwijaya Edward.t@kisi.co.id
15 Macquarie Jayden Vantarakis Jayden.vantarakis@macquarie.com
16 Mandiri Securities Kresna Hutabarat Kresna.hutabarat@mandirisek.co.id
17 Maybank Kim Eng Securities Jeffrosenberg Chenlim Jeffrosenberg.lim@maybank.com
18 Mirae Asset Securities Robertus Yanuar Hardy Robertus.hardy@miraeasset.co.id
19 MNC Securities Victoria Venny Victoria.nawang@mncgroup.com
20 Morgan Stanley Selvie Jusman Selvie.Jusman@morganstanley.com
21 Nomura Verdhana Raymond Kosasih Raymond.kosasih@verdhana.id
22 RHB Research David Chong David.chongvc@rhbgroup.com
23 Samuel Securities Suria Dharma Suria.dharma@samuel.co.id
24 Sucor Securities Edward Lowis Edward.lowis@sucorsekuritas.com
25 Trimegah Securities Jonathan Gunawan jonathan.gunawan@trimegah.com
26 UOB Kay Hian Posmarito Pakpahan posmarito@uobkayhian.com
27 UBS Joshua Tanja Joshua.tanja@ubs.com
PT Bank Negara Indonesia (Persero) Tbk. Page 69
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PT. Bank Negara Indonesia (Persero) Tbk. Investor Relations Division Menara Astra Building, 32nd Floor Zone F Jl Jend Sudirman kav. 5 - 6 Jakarta 10220 T: 62-21-86656800 E: ir@bni.co.id Disclaimer This presentation has been prepared by PT. Bank Negara Indonesia (Persero) Tbk (the “Company”) for information purposes only. No representation or warranty, express or implied, is given by or on behalf of the Company (BNI nor any of its subsidiaries, its affiliates, directors, commissioners, employees and representatives) as to the accuracy, correctness, reasonableness or completeness of the information or opinions contained in this presentation. The presentation does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. The Company (BNI nor its subsidiaries, its affiliates, directors, commissioners, employees and representatives) does not accept any liability whatsoever for any loss however arising from any use of this presentation or their contents or otherwise arising in connection therewith (whether written or verbal communication). Forward Looking Statements Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. These forward-looking statements include all matters that are not historical facts. They are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statement contained within this presentations, regardless of whatever those statements are affected as a result of new information, future events or otherwise. Rounding Please note that rounding differences may appear throughout the presentation.
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Thank You
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