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Page 1
1H 2024
FINANCIAL UPDATE
PRESENTATION
PT Bank Rakyat Indonesia (PERSERO) Tbk.
Page 2
SHARE PRICE PERFORMANCE & OWNERSHIP
Ownership Composition as of 1H24 BBRI Share Performance vs JCI since IPO
Since IPO
No. Description No. of Investor % No. of Shares % 80.0
I Domestic BBRI +53.1x 5,312%
JCI +10.3x
1. Government of RI 1 0.00% 80,610,976,876 53.19% 70.0
2. Retail 537,251 98.48% 6,108,327,797 4.03%
3. Employees 4,174 0.77% 13,483,156 0.01% 60.0
4. Local Government 1 0.00% 1,590,000 0.00%
5. Bank 12 0.00% 854,211,185 0.56% 50.0
6. Cooperatives 21 0.00% 5,502,741,423 3.63%
7. Foundation 47 0.01% 282,749,291 0.19% 40.0
8. Pension Funds 171 0.03% 2,175,562,577 1.44%
9. Insurance 199 0.04% 2,002,729,256 1.32% 30.0
10. Corporations 612 0.11% 412,633,095 0.27%
11. Mutual Funds 339 0.06% 1,954,169,245 1.29% 20.0
Total Domestic 542,828 99.50% 99,919,173,901 65.93% 1,027%
II Foreign 10.0
1. Retail 462 0.08% 41,124,736 0.03%
2. Institutional 2,259 0.41% 51,598,702,967 34.05%
0.0
Total Foreign 2,721 0.50% 51,639,827,703 34.07%
III Total 545,549 100.00% 151,559,001,604 100.00%
BBRI JCI
Source : Datindo
2
Page 3
TABLE OF CONTENTS
Overview …………..…...…………….………………...…………………………………………………………………………………………………………….……...` 4
Macro Economic Metrics ………………………………………………………………………………………………………………………………………………. 5
Key Financial Highlights ……………………………………………………………………………………………………………………………………………….. 6
Strengths and Challenges ...………………………………...……………………………………………………………………………………………………........ 7
2024 BRI Group Guidance ………………………………….…………………………………………………………………………………………………..……... 8
1H24 Financial Performance ……..………………..………………………………………………………………………………………………..…………………… 9
Balance Sheet …………………………………………………………………………………………………………………………………………………….......... 10
Income Statement ………………………...………………………………………………………………………………………………...…………………............. 14
Other Operating Income & Operating Expense ……………………………………..………………………………………………………………………………. 16
Subsidiaries Contribution to BRI Group ……………………………………………………………………………………………………………………………… 19
Loan Quality ……………………………………………………………………………….………………………………………...………………………………………. 20
Ultra Micro & Micro Business ……………………………………………………………………………………………………………………………………………. 26
Appendix:
Digital Initiatives ......................................................................................................................................................................................................................... 31
ESG Initiatives ................………………………………………………………………………………………………………………………………………………….. 38
Investment Proposition ……………………………………………………………………………………………………………………………………………………. 50
1H24 Bank Only Performance …………..………………………………………………………………………………………………………………………............. 57
1H24 Bank Only Loan Quality …….……………………………………………………………………………………………………………………………………… 69
Others ………………………………………………………………………………………………………………………………………………………………………… 76
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Page 4
OVERVIEW
4
Page 5
MACRO ECONOMIC METRICS
Strong Dollar Offset by Declining Volatile Items Inflation
Quarterly GDP Growth (% YoY) Foreign Reserves & IDR/USD
8 Gini Coeff. GDP Growth 0.395
International Foreign Reserve (USD Bn) USD/IDR
5.18
6
4.96 5.03 5.01 5.04 5.11 0.393
17,0 00
16,375 175 .0
16,0 00
15,573
4 0.391
165 .0
14,390 14,120
2 0.388 0.389
15,0 00
13,866 14,263 15,399 155 .0
14,0 00
0 0.387
-2.17 146.4
144.9
145 .0
0.384
-2 0.384 0.385
13,0 00
137.2 140.2
135.9 135 .0
-4 0.382 0.383
12,0 00
129.2
0.381 125 .0
120.7
11,0 00
-6 0.381
10,0 00 115 .0
-8 0.379
2018 2019 2020 2021 2022 2023 1Q24 2018 2019 2020 2021 2022 2023 1H24
Inflation Trend (YoY %) Business Index: MSME vs Wholesale, MA (4)
Headline Core Administered Price Volatile Items Wholesale Business Activity Index MSME Business Activity Index - Adjusted
14 13.01
30.0
17.2
12 10.33 14.1
8.7 11.1
15.0
10 4.5
8 6.73 0.0
-5.6 9.9
5.7 4.6 5.1
6 4.32 5.02 2.9
5.96
3.05 -15.0 -7.0
4 2.41 -29.2
2 1.68 -30.0
3.07
0 1.69 1.721.39
1.08 0.56 -45.0
-2
2018 2019 2020 2021 2022 2023 1H24 1Q20 1Q21 1Q22 1Q23 1Q24 2Q24
5
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KEY FINANCIAL HIGHLIGHTS
Cost of Credit In Line with Guidance, Loan Growth at 11.2%, Strong YoY PPOP
Consolidated
Description
1H24 1Q24 1H23 g QoQ g YoY
Total Loan & Financing (IDR Bn) 1,336,780 1,308,651 1,202,129 2.1% 11.2%
Micro/ Total Loans 46.6% 47.6% 48.1% -1.0% -1.5%
Pre-Provision Operating Profit (IDR Bn) 57,043 30,747 51,058 -14.5% 11.7%
NIM 7.64% 7.84% 7.92% -0.2% -0.3%
Total CAR 25.13% 23.97% 26.65% 1.2% -1.5%
CASA % 63.17% 61.66% 65.49% 1.5% -2.3%
Cost to Income Ratio (CIR) 41.00% 37.43% 41.79% 3.6% -0.8%
NPL (Gross) 3.05% 3.11% 2.95% -0.1% 0.1%
Credit Cost 3.48% 3.83% 2.26%
1.93% 2.47% 1.12%
-0.4% 1.2%
Net Credit Cost
ROA After Tax 3.01% 3.21% 3.30% -0.2% -0.3%
ROE B/S 19.23% 20.22% 19.87% -1.0% -0.6%
Leverage 6.3 6.7 6.0 -0.3 0.3
Net Profit (IDR Bn) 29,896 15,983 29,561 -12.9% 1.1%
PATMI (IDR Bn) 29,702 15,886 29,422 -13.0% 1.0%
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 6
Page 7
1H24 STRENGTHS AND CHALLENGES
Key Strengths Key Challenges
❑ Measured Micro Loan Growth Reflects Asset Quality Focus ❑ High CoC is Showing Initial Signs of Improvement
• Bank Only Micro loan growth slowed to 5.7% YoY, compared to 10.4% in • Gross cost of credit at 1H24 was 3.48% supported by a decline to
Jun-23 as management is focusing on asset quality and recoveries. 3.13% in 2Q24. This figure remains above our FY24 guidance, as we
front-loaded provision for the micro and small business portfolios to
• Bank Only net NPL downgrade improved QoQ to Rp9.9Tn from Rp12.4Tn, curb the impact of potential deterioration. More importantly, net cost of
led by micro segment net downgrades to NPL improving to Rp5.9Tn from Rp credit in 2Q24 decreased to 1.42%.
7.3Tn in the prior quarter.
• In the micro segment lower food price inflation helped to support our
• The strategy in micro to add more loan officers and Business Support low to middle income customer base. Furthermore, loan restructurings
Assistants has elevated recovery income that increased 50.5% YoY to via tenor extension provided additional support.
Rp10.1Tn, and increased 30% QoQ to Rp5.7Tn from Rp4.4Tn.
• BRI still maintains ample NPL Coverage at 211.6% and our Loan Loss
Reserve is 6.5%, well above the pre-covid level of below 4.5%.
❑ Strong PPOP Growth Persists
• Loan growth in line with our FY24 target and strong recovery income growth ❑ Cost of Funds Remained Elevated
at 50.5% YoY supported PPOP growth of 11.7% YoY. • Our Bank Only Cost of Funds increased by 10bps QoQ to 3.53% in
2Q24 due to higher non-deposit funding costs, while cost of deposits
only increased 2bps. The decrease in weekly SRBI auctions are signs
❑ Capital Remains Strong & Dividend Payout Can support an that could alleviate some of this pressure.
Improved Capital Structure
• Tier 1 CAR stands at 24.02% and will continue to grow in 2024. Furthermore, • CASA increased to 63.17% at 2Q24 compared to 1Q24, following the
BRI maintains very high provisions to loans at 6.5%, leaving ample room for dividend payment and Ramadhan seasonal impact. Our liquidity is
supporting dividend expansion in 2024. ample as our LDR is at 86.6%, while our strategy in merchant
acquisition to improve retail funding has maintained CASA above pre-
covid levels at above 60%.
7
Page 8
2024 BRI GROUP GUIDANCE
2023 Actual 2024 Guidance 1H24 Actual
Loan Growth
11.2% 10% - 12% 11.2%
(YoY)
NIM 7.95% 7.6% - 8.0% 7.64%
Credit Cost 2.38% Max. 3% 3.48%
NPL 2.95% < 3% 3.05%
41.89 41% - 42% 41.00%
CIR (Consolidated) (Consolidated) (Consolidated)
8
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1H24
FINANCIAL PERFORMANCE
9
Page 10
BALANCE SHEET
Efficient asset management as loans & earning assets outstrip balance sheet growth
(IDR Bn)
Items 1H24 1Q24 1H23 g QoQ g YoY 2023 2022 2021
Cash and Cash Equivalent 102,002 110,311 117,456 -7.5% -13.2% 133,513 178,343 82,727
Total Earning Assets: 1,828,206 1,832,207 1,654,691 -0.2% 10.5% 1,791,006 1,665,968 1,588,914
- Placement with BI & Other Banks 47,065 69,046 65,932 -31.8% -28.6% 87,557 91,890 73,048
- Receivables (Acceptance & Others) 87,478 76,139 47,712 14.9% 83.3% 65,024 47,146 39,949
- Loans & Financing 1,336,780 1,308,651 1,202,129 2.1% 11.2% 1,266,429 1,139,077 1,042,867
- Gov't Bonds & Marketable Securities 349,490 370,907 332,139 -5.8% 5.2% 364,687 381,339 426,964
- Other Earning Assets 7,393 7,463 6,779 -0.9% 9.1% 7,308 6,515 6,086
Earning Asset Provision: (87,743) (89,398) (90,872) -1.9% -3.4% (88,172) (94,975) (89,821)
- Loans and Financing Provisions (86,415) (87,076) (88,238) -0.8% -2.1% (85,502) (93,088) (87,829)
- Other Provisions (1,328) (2,323) (2,634) -42.8% -49.6% (2,670) (1,887) (1,991)
Fixed & Non Earning Assets 134,907 135,955 123,872 -0.8% 8.9% 128,660 116,303 96,278
Total Assets 1,977,371 1,989,074 1,805,146 -0.6% 9.5% 1,965,007 1,865,639 1,678,098
Third Party Funds : 1,389,662 1,416,213 1,245,115 -1.9% 11.6% 1,358,329 1,307,884 1,138,743
- CASA 877,895 873,298 815,424 0.5% 7.7% 874,070 872,404 718,267
Current Account 356,855 354,386 298,310 0.7% 19.6% 346,124 349,756 220,590
Savings Account 521,041 518,912 517,115 0.4% 0.8% 527,946 522,648 497,677
- Time Deposits 511,767 542,916 429,691 -5.7% 19.1% 484,259 435,481 420,476
Other Interest Bearing Liabilities 186,567 178,360 175,343 4.6% 6.4% 180,023 162,817 167,005
Non-Interest Bearing Liabilities 89,412 95,602 86,196 -6.5% 3.7% 110,184 91,543 80,563
Total Liabilities 1,665,641 1,690,175 1,506,655 -1.5% 10.6% 1,648,535 1,562,244 1,386,311
Tier 1 Capital 279,459 266,204 266,050 5.0% 5.0% 283,949 273,812 266,166
Total Equity 311,731 298,898 298,492 4.3% 4.4% 316,472 303,395 291,787
Total Liabilities & Equity 1,977,371 1,989,074 1,805,146 -0.6% 9.5% 1,965,007 1,865,639 1,678,098
*Financial figures for 2021 is restated to include Pegadaian and PNM in accordance with PSAK 38 10
Page 11
LOANS & FINANCING PORTFOLIO
In line with Guidance, 3Q24 Likely to Slow
Loan Outstanding – by business segment (IDR Tn) Composition – by business segment (%)
120 .0%
1,60 0.0 1,60 0.0
1,40 0.0
1,308.7 1,336.8 1,40 0.0
1,266.4 100 .0%
1,202.1
1,139.1 16.1% 16.1% 15.3% 15.6% 16.8% 15.5% 18.0%
1,20 0.0
219.2 241.1 1,20 0.0
21.2%
197.7
1,020.2 1,042.9 186.6 3.3% 2.7% 2.4% 2.9% 2.9% 2.6%
38.3 41.5 80. 0%
3.1%
173.8 36.3 2.4%
1,00 0.0
903.2 31.6 1,00 0.0
19.2% 18.3% 18.9%
164.7 168.3 27.8 234.6 232.3 20.4% 17.9% 17.4%
231.2 24.0%
27.8 227.8 26.8%
800 .0
191.1 33.5 218.6 800 .0
60. 0%
212.5 198.8 14.4% 14.7% 15.0% 14.8% 14.8% 14.9%
21.5 244.6 190.0 194.0
178.3 14.2%
600 .0
167.6 600 .0
242.3 150.4 40. 0%
15.6%
144.8
400 .0 400 .0
140.5
611.2 622.6 623.0 46.4% 48.4% 48.3% 47.6% 48.1% 46.6%
551.3 577.9 20. 0%
42.4%
200 .0
432.5 483.9 200 .0
34.1%
307.7
- -
0.0 %
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Micro Consumer Small Medium Corporate Total
YoY Growth ( % ) 7.8 11.5 2.0 31.6 29.2 11.2
(IDR Tn) 45.1 20.6 4.5 10.0 54.5 134.7
Recently, Bank Raya shifted portion of its Small Segment loans to Micro Segment amounting to Rp659 bn. If we adjust the Ultra Micro loans outstanding, it will impact loan growth by 11bps
√ Since 2022, BRI has classified SOE and Corporate non-SOE into Corporate Segment 11
Page 12
STRONG DEPOSIT GROWTH
CASA Improved QoQ by 150bps, Savings growth remains a challenge
1,60 0.0
Deposit Growth (IDR Tn) Deposit Products per Segment* (IDR Tn)
Total Deposit: 11.6% YoY Total Deposits 1H24: Rp1,384.4 Tn
1,416.2
CASA: -2.3% YoY 1,389.7 Savings Time Deposit Growth YoY
1,40 0.0 1,358.3 90. 0%
1,307.9 Micro 367.7 373.5 367.2 360.3 366.9
400 .0
335.4 356.3
1,245.1 350 .0
296.6 43.5 48.5 49.8 44.6 51.1 1.8%
300 .0 45.1 43.4
45.7 14.7%
1,138.7
1,20 0.0 250 .0
1,120.9 80. 0% 200 .0
542.9 511.8
484.3 19.1% 312.9 324.1 325.0 317.4 315.7 315.7
250.9 290.3 0.0%
150 .0
1,021.2 435.5
YoY 100 .0
1,00 0.0
429.7 50.0
-
420.5 70. 0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24
452.1
66.7% Retail Demand Deposit Savings Time Deposit
431.9 65.5%
800 .0
64.3% 509.6 9.4%
469.1 488.1 502.0
600 .0
63.1% 63.2% 466.0
61.7% 500 .0
410.6 412.6
59.7%
60. 0%
374.6
0.8%
400 .0
180.0 197.4 210.2 176.1 210.4 19.5%
57.7% 154.7
600 .0
522.6 527.9 518.9 521.0 YoY 300 .0
155.2 170.5
517.1 1.8%
198.4 202.7 201.0 201.6 205.3
200 .0
154.7 170.0 183.3
497.7
100 .0
50. 0%
476.1 -
64.7 70.1 74.6 90.7 88.1 90.7 88.3 93.8 6.3%
400 .0
414.3 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Wholesale Demand Deposit Time Deposit
40. 0%
541.2 508.0 22.6%
200 .0
19.6% 600 .0
464.0 491.1
349.8 346.1 354.4 356.9 414.2
298.3 YoY 500 .0
220.6 359.0
174.9 192.7 400 .0
298.6 306.6 277.9 244.7 19.0%
206.7 233.7
300 .0
205.6
215.8
196.7 195.0
- 30. 0%
200 .0
2019 2020 2021 2022 2023 1Q24 1H23 1H24 100 .0
257.3 257.4 263.3 208.6 263.3 26.2%
101.9 111.7 143.2
Demand Deposit Savings Time Deposit CASA
-
2019 2020 2021 2022 2023 1Q24 1H23 1H24
*Data is presented in Bank Only 12
Page 13
WELL CAPITALIZED BALANCE SHEET PROVIDES FLEXIBILITY
CAR Remains Elevated Following 80% DPO
40. 00% 25. 00%
19.80% 20.22%
19.23%
17.34% 17.63% 20. 00%
35. 00%
14.47%
12.23%
15. 00%
30. 00%
10. 00%
27.16% 27.27%
25.51% 25.13%
23.97%
5.0 0%
25. 00%
22.77% 26.16% 26.12%
24.50% 24.02% 0.0 0%
REGULATORY 20.14% 22.86%
REQUIREMENT 20. 00% 21.65%
-5.00%
19.06%
17.5% DPO DPO
If Basel 3 fully DPO -10.00%
Max 2.5%
85%
15. 00%
implemented 85% ~80% Countercyclical Buffer
DPO -15.00%
15.0% DPO 65% 2.5% Capital
Conservation Buffer
10. 00%
Normal condition 60% -20.00%
2.5% Capital Surcharge
on Systemic Bank
5.0 0% -25.00%
2019 2020 2021 2022 2023 1Q24 1H24 10% CAR based on
Risk Profile
Tier 1 CAR Tier 2 CAR Total CAR ROE B/S
Leverage (x) 6.8 7.0 5.8 6.1 6.2 6.7 6.3
• As of Jan’23, as part of the implementation of Basel 3, the change on RWA of Operational & Credit Risk adds 329bps to BRI total CAR
• BRI distributed full year dividend of Rp319 per share paid on 28 March 2024 (including interim dividend of Rp84 per share)
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 13
Page 14
INCOME STATEMENT
Strong Recovery Income of +50.5% Supporting PPOP Growth
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 1H24 1H23 g YoY
Interest Income 48,572 50,075 43,131 -3.0% 12.6% 98,647 85,591 15.3%
Interest Expense (14,596) (14,123) (10,369) 3.3% 40.8% (28,718) (20,050) 43.2%
Net Interest Income 33,977 35,952 32,761 -5.5% 3.7% 69,929 65,540 6.7%
Net Premium Income 896 562 445 59.5% 101.4% 1,458 887 64.4%
Other Operating Income (Non-Interest) - incld. Gold 12,668 12,622 11,265 0.4% 12.5% 25,290 21,288 18.8%
Total Operating Expenses (21,245) (18,389) (18,566) 15.5% 14.4% (39,635) (36,657) 8.1%
Personnel Expenses (10,869) (9,764) (8,176) 11.3% 32.9% (20,633) (18,861) 9.4%
G&A Expenses (7,357) (6,917) (6,963) 6.4% 5.7% (14,275) (13,533) 5.5%
Others Expenses (3,019) (1,708) (3,427) 76.7% -11.9% (4,727) (4,263) 10.9%
Pre Provision Operating Profit 26,296 30,747 25,905 -14.5% 1.5% 57,043 51,058 11.7%
Provision Expenses (7,784) (10,713) (8,223) -27.3% -5.3% (18,497) (13,821) 33.8%
Loan - Provision Exp (10,393) (12,336) (6,306) -15.8% 64.8% (22,729) (13,242) 71.6%
Non Loan - Provision Exp 2,609 1,623 (1,917) 60.8% 236.1% 4,232 (580) -830.1%
Profit From Operations 18,511 20,034 17,682 -7.6% 4.7% 38,545 37,237 3.5%
Non Operating Income 13 (109) (79) 112.3% 117.1% (96) (37) 160.2%
Net Income Before Tax 18,525 19,925 17,604 -7.0% 5.2% 38,450 37,200 3.4%
Net Profit 13,914 15,983 13,997 -12.9% -0.6% 29,896 29,561 1.1%
Profit After Tax & Minority Interest (PATMI) 13,816 15,886 13,926 -13.0% -0.8% 29,702 29,428 0.9%
14
Page 15
EARNING ASSET YIELD & MARGINS REMAIN ELEVATED
NIM – Bank Only vs Consolidated Lending Yield, EA Yield, and Cost of Fund
16. 0%
13.4% 13.3%
8.5 %
7.9% 8.0% 7.5 %
12.3%
14. 0%
12.5% 12.5% 12.3%
8.0 %
7.0% 7.7% 7.6%
12. 0%
7.0 %
6.9%
7.5 %
10. 0%
7.0 %
6.9% 10.6% 10.8%
6.8% 6.8% 6.5 %
10.1% 10.0%
6.5 %
8.0 %
9.5% 9.6%
6.0 % 6.7% 6.4% 6.0 %
3.7%
6.0 %
3.5% 3.6%
5.5 %
3.1%
5.0 %
6.0% 4.0 %
2.3% 2.1%
5.5 %
2.0 %
4.5 %
0.0 %
4.0 % 5.0 %
2019 2020 2021 2022 2023 1H24 2019 2020 2021 2022 2023 1H24
NIM - Consol. NIM - Bank Only Loan Yield Earning Asset Yield CoF
37.5
40.0
40.0
35.0
35.0
34.0 34.0 Loan & Financing to Total EA and LDR
31.1
30.0
30.0
28.1 88.45% 88.51% 86.59%
84.77%
100 .0%
84.22% 83.28%
90. 0%
78.82%
80. 0%
25.0
25.0
21.1
70. 0%
60. 0%
20.0
20.0
50. 0%
26.1 26.6 26.7 40. 0%
69.6% 67.5% 65.6% 68.4% 70.7% 71.4% 73.1%
15.0
15.0
20.2 21.9 21.6 30. 0%
20. 0%
10. 0%
10.0
10.0
0.0 %
2019 2020 2021 2022 2023 1H24 2019 2020 2021 2022 2023 1Q24 1H24
Quarter NII - Consol (IDR Tn) Quarter NII - Bank Only (IDR Tn) % Loan & Financing to Total EA LDR - Consol. (Bank Entity)
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 15
Page 16
OTHER OPERATING INCOME & OPERATING EXPENSES
Recoveries Support Non-Interest Income, OpEx Growth In Line With FY24 Guidance
Other Operating Income
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 1H24 1H23 g YoY
Fees and Commissions 5,829 5,431 5,143 7.3% 13.3% 11,260 10,223 10.1%
Recovery of Written-Off Assets 5,692 4,391 3,736 29.6% 52.4% 10,082 6,698 50.5%
Gain on Sale of Securities - Net 472 460 596 2.6% -20.8% 931 980 -4.9%
Gain on Foreign Exchange - Net 208 246 14 -15.3% 1344.1% 455 236 92.5%
Unrealized Gain on Changes in Fair Value of Securities (147) 147 113 -200.0% -230.3% - 291 -100.0%
Others 459 1,860 1,584 -75.3% -71.0% 2,319 2,701 -14.1%
Total Other Operating Income 12,512 12,535 13,066 -0.2% -4.2% 25,048 21,129 18.5%
Net Gold 156 87 79 80.4% 97.0% 243 159 52.8%
Other Operating Income (Non-Interest) - incld. Gold 12,668 12,622 13,145 0.4% -3.6% 25,290 21,288 18.8%
Operating Expenses
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 1H24 1H23 g YoY
Salaries and Employee Benefits 10,869 9,764 8,176 11.3% 32.9% 20,633 18,861 9.4%
General and Administrative 7,357 6,917 6,963 6.4% 5.7% 14,275 13,533 5.5%
Others 2,979 1,708 3,427 74.4% -13.1% 4,727 4,263 10.9%
Total Operating Expense 21,205 18,389 18,566 15.3% 14.2% 39,635 36,657 8.1%
16
Page 17
FEE & OTHER OPERATING INCOME
Trade Finance & E Channel Fees Supporting 18.5% YoY Growth
Consolidated - Other Operating Income (IDR Tn) Bank Only - Fee and Commission – Composition (IDR Bn)
YoY g = 18.5% 1H23 g YoY = 9.6% 1H24
50.0
45.6
45.0
39.1 8.1
40.0
34.7
35.0
7.9
31.0
30.0
28.4 8.6
16.8
7.5 25.0
25.0
6.9 12.5
21.1 3.7
9.0
20.0
7.3 4.2
7.1
15.0
12.5 10.1
6.7
10.0
18.8 20.7 2.7 Bank Only - Fee and Commission YoY Growth
16.2 17.1 4.4
14.5
10.2 11.3 35. 0%
30.7%
5.0
5.4 30. 0%
-
2019 2020 2021 2022 2023 1Q24 1H23 1H24
25. 0%
20. 0%
18.2%
Fees and Commissions Recovery of Written-Off Assets Others 14.4% 13.8%
15. 0% 12.8%
10. 0%
5.0 %
-1.1% -1.2%
• Other Operating Income growth driven by Fee Based Income and 0.0 %
Recovery Income -5.0%
Deposit E-Channel Loan Trade Non E- Insurance Others
Admin. Admin. Finance & Channel
IB
17
Page 18
OPERATING EXPENSE BREAKDOWN
Cost Management remains well controlled
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 1H24 1H23 g YoY
Bank Only - Personnel Expenses 8,152 6,836 5,919 19.2% 37.7% 14,988 13,532 10.8%
Bank Only - G&A Expenses 5,258 5,086 5,069 3.4% 3.7% 10,344 10,010 3.3%
Bank Only - Others Expenses 2,670 1,442 3,414 85.1% -21.8% 4,113 4,035 1.9%
Bank-Only Operating Expense 16,080 13,365 14,402 20.3% 11.6% 29,445 27,578 6.8%
Subsidiaries - Personnel Expenses 2,718 2,927 2,258 -7.2% 20.4% 5,645 5,329 5.9%
Subsidiaries - G&A Expenses 2,099 1,832 1,894 14.6% 10.8% 3,931 3,523 11.6%
Subsidiaries - Others Expenses 349 266 12 31.3% 2707.2% 615 228 169.9%
Subsidiaries Operating Expense 5,166 5,025 4,164 2.8% 24.1% 10,190 9,079 12.2%
Consolidated - Personnel Expenses 10,869 9,764 8,176 11.3% 32.9% 20,633 18,861 9.4%
Consolidated - G&A Expenses 7,357 6,917 6,963 6.4% 5.7% 14,275 13,533 5.5%
Consolidated - Others Expenses 3,019 1,708 3,427 76.7% -11.9% 4,727 4,263 10.9%
Consolidated Operating Expense 21,245 18,389 18,566 15.5% 14.4% 39,635 36,657 8.1%
Cost to Income Ratio: Bank Only vs Consolidated* Cost to Asset Ratio: Bank Only vs Consolidated*
50.9%
55. 0%
4.5 0%
4.19% 4.15%
48.6% 47.4% 3.98% 4.01%
50. 0%
3.91%
4.0 0%
3.70%
45. 0%
41.9% 41.0%
40.5% 45.4% 3.5 0%
40. 0%
43.3% 37.4% 3.17%
42.0% 3.48%
40.0% 3.0 0%
3.26% 3.23% 3.21%
37.7%
35. 0%
37.5% 3.11% 3.11%
30. 0% 34.3% 2.5 0%
2.89%
25. 0%
2.0 0%
2019 2020 2021 2022 2023 1Q24 1H24 2019 2020 2021 2022 2023 1Q24 1H24
BRI Consolidated BRI Consolidated
*Since 2021, Other Operating Income includes net gold revenue 18
Page 19
SUBSIDIARIES CONTRIBUTION TO BRI GROUP
Subsidiaries Contribute 14.7% to Consolidated Net Profit
Loan & Financing
BRI Subsidiaries BRI Ownership Total Asset 1H24 Assets (IDR Tn) (IDR Tn) Net Profit (IDR Tn)
14.3% YoY 206.7 15.4% YoY 31.1% YoY
140.5
Market Leader in General Insurance Provider
180.8 4.4
Pawn Industry (property, vehicle, etc) 121.8 3.4
99.99% 93.2 Tn 90.00% 6.9 Tn
1H23 1H24 1H23 1H24 1H23 1H24
National Leader in
Community Based
Lending
99.99% 55.7 Tn 99.97% 2.4 Tn
% to Total
Subsidiaries
Assets
51.00% 25.1 Tn 67.00% 1.0 Tn
Digital Bank focused
in MSME especially
gig economy
86.85% 13.1 Tn 65.00% 296 Bn % to Total
Subsidiaries
Net Profit
99.88% 8.8 Tn 100% 37 Bn
19
Page 20
LOAN QUALITY
20
Page 21
LOAN QUALITY
NPL & SML Driven By Micro Performance
Non-Performing Loan – by Segment Special Mention – by Segment
Segment 1H24 1H23 1Q24 2023 2022 2021 2020 2019 Segment 1H24 1H23 1Q24 2023 2022 2021 2020 2019
Micro 2.95% 2.23% 2.69% 2.47% 1.74% 1.49% 0.83% 1.18% Micro 6.87% 6.17% 7.11% 5.72% 3.95% 3.03% 2.47% 3.51%
Consumer 2.13% 2.02% 2.20% 1.97% 1.83% 1.78% 1.49% 1.10% Consumer 2.77% 3.08% 2.89% 2.84% 2.76% 2.20% 2.69% 2.52%
Small 5.05% 4.29% 5.44% 4.88% 4.30% 4.05% 3.61% 3.17% Small 5.98% 6.30% 6.26% 5.15% 4.30% 3.42% 3.19% 4.63%
Medium 1.75% 2.70% 2.21% 2.56% 2.26% 3.57% 4.61% 5.38% Medium 2.72% 2.35% 2.75% 2.52% 2.55% 3.08% 3.07% 2.97%
Corporate 3.07% 4.83% 3.33% 3.86% 4.68% 6.68% 7.57% 5.18% Corporate 4.11% 5.98% 4.18% 4.67% 4.32% 6.94% 2.85% 5.04%
Bank Only - Bank Only -
3.21% 3.10% 3.27% 3.12% 2.82% 3.08% 2.94% 2.62% 5.35% 5.58% 5.58% 4.87% 3.87% 3.70% 2.75% 3.93%
NPL% SML%
Subsidiaries - Subsidiaries -
1.49% 1.39% 1.51% 1.20% 1.24% 2.08% 2.49% 5.89% 5.51% 6.91% 6.17% 4.84% 3.90% 4.68% 6.00% 4.41%
NPL% SML%
Consolidated - Consolidated -
3.05% 2.95% 3.11% 2.95% 2.67% 3.00% 2.88% 2.80% 5.41% 5.75% 5.68% 4.90% 3.90% 3.81% 3.13% 3.97%
NPL % SML %
21
Page 22
HISTORICAL NPL & LAR DATA
Ample Provisions to Balance Risk Management
NPL & NPL Coverage LAR & LAR Coverage
LAR % LAR Coverage
350 .00%
305.73% 70. 00%
300 .00%
281.16%
60. 00% 54.14% 52.45% 53.86%
239.20% 229.09% 49.40%
250 .00%
214.26% 211.60% 50. 00%
44.65%
200 .00%
40. 00% 36.14%
154.63% 28.26%
30. 00%
150 .00%
160 .0
3.11% 3.05%
3.00% 25.77%
20. 00%
100 .00%
2.88% 2.95% 23.31%
140 .0 2.80% 3.0 0%
16.54%
10. 00%
2.67%
50. 00%
12.47% 12.68% 12.00%
0.0 0%
9.78%
120 .0
300 .0
2.5 0%
0.0 0%
248.9 243.0
100 .0
93.1 250 .0
87.8 85.5 87.1 86.4 2.0 0%
200 .0
188.4
70.4
80.0
157.9 166.0 160.4
1.5 0%
150 .0
198.8 172.1
51.1
60.0
113.6 58.5 47.3
39.2 1.0 0%
100 .0
84.1
40.0
27.7 62.1 74.4 72.3
40.6 40.8
0.5 0%
50.0
39.7 44.4
20.0
31.2 30.4 37.3 33.8 24.3
25.3 29.4 40.6 40.8
22.5 25.9 31.2 30.4 37.3
-
- 0.0 0%
2019 2020 2021 2022 2023 1Q24 1H24 2019 2020 2021 2022 2023 1Q24 1H24
NPL SML Restruct. - Current Coll.
Provision (IDR Tn) NPL (IDR Tn) NPL % NPL Coverage
Since 2021, LAR and LAR Coverage are presented in consolidated number
22
Page 23
CREDIT COST, WRITE OFF, AND RECOVERY
Credit Cost Write Off & Recovery
80.0 5.0 0%
3.83% 3.83%
3.58%
70.0 4.0 0% 55. 0 60. 0%
3.48% 3.48% 55.7%
3.13% 52.7%
50.8% 50.6%
60.0
2.61% 3.0 0%
49.5%
2.55% 47.5%
2.38% 45. 0 50. 0%
2.71% 2.70%
50.0
2.47% 2.47% 2.0 0%
42.2% 42.2%
40.4%
1.80% 1.93% 35. 0 40. 0%
40.0
1.41% 1.42% 1.0 0%
34.0
0.99%
36.6 25. 0 30. 0%
30.0
32.8 0.0 0%
28.8 22.4
27.6 27.9 21.2
25.5
22.8 22.7 17.5 17.8
16.8
20.0 -1.00%
15. 0 20. 0%
14.3
15.7 15.4 12.5
10.4 10.1 10.4 10.8
10.0
11.9 12.3 12.6 12.3 -2.00%
9.0
10.4 5.0
7.1 7.3 10. 0%
7.9 7.9 5.7
4.7 4.4 4.4
- -3.00%
2019 2020 2021 2022 2023 1Q24 1H24 1Q24 2Q24 2019 2020 2021 2022 2023 1Q24 1H24 1Q24 2Q24
-5.0 0.0 %
Provision Exp. - Loan (IDR Tn) Provision Exp. - Net - Loan (IDR Tn)
Write-Off (IDR Tn) Recovery Income (IDR Tn) Recovery Rate
CoC % Coc Net %
*In compliance with OJK regulations, our calculation of consolidated financial ratios moved to monthly from quarterly starting in Jan-24. All calculations for 2024 and 2023 are adjusted for monthly data. 23
Page 24
COVID-19 RESTRUCTURED LOAN – BANK ONLY (1/2)
Declining Restructured Loan Outstanding and Borrowers
Outstanding (IDR Tn) Covid-19 Restructured Loan Movement (IDR Tn)
22.1% 21.2%
25. 0%
16.6%
190 .0
20. 0%
193.7 186.6 50.0
15. 0%
140 .0
10.4%
157.0
10. 0%
4.8%
90. 0
3.5% 2.6%
45.0
107.2
5.0 %
0.2
0.0 % -
40.0
54.5
40. 0
4.6 -2.6 -0.1 41.5 5.8
-4.0 31.8
-5.0%
-8.4 -4.0 -4.0
-10.0 -10.0%
9M20 2020 2021 2022 2023 1Q24 1H24 35.0
3.7
Total Monthly % to Total Loan
# Borrowers (in Mn)
30.0
3.5
24.7% 30. 0%
25.0
41.5
21.6%
3.0
14.0% 20. 0%
3.0 31.8
2.5
2.8 7.7%
20.0
3.2%
10. 0%
2.0
2.3% 1.8%
2.1
1.5
1.2 0.0 %
15.0
1.0
0.5 -10.0%
0.5
0.3 0.3
-0.0
10.0
-0.1 -0.1 -0.1 -0.1
0.0
-0.1 -0.0 -20.0%
Restru OS - New Payment Restru Write Off Restru OS -
1Q24 Restructuring Unflagged 1H24
-0.5
9M20 2020 2021 2022 2023 1Q24 1H24 -30.0%
Total Monthly % to Total Borrowers
24
Page 25
COVID-19 RESTRUCTURED LOAN – BANK ONLY (2/2)
OS by Segment (IDR Tn) Covid-19 Restructured Loans by Stage
200 .0 186.6 190 .0
120 .0%
8.4 157.0 31.8 1.3% 5.3%
180 .0 170 .0
5.1 100 .0%
3.0%
160 .0 150 .0
8.6%
19.4 8.9 7.5% 17.8%
140 .0
107.2
130 .0
29.3% 34.8%
82.4 3.9
80. 0%
1.0
120 .0 110 .0
100 .0
67.6 19.4
90.0
60. 0%
10.5 2.6 54.5 12.1
80.0
41.5
70.0
95.7% 87.1% 91.4%
8.4 45.1 31.8
40. 0%
82.2%
70.7%
60.0 50.0
14.2 65.2%
40.0
80.2 6.5 10.3
30.0
2.9
57.7 21.2 20. 0%
20.0
33.7 17.0 10.0
-
13.7 9.4 -10.0
7.0 0.0 %
2020 2021 2022 2023 1Q24 1H24 2020 2021 2022 2023 1Q24 1H24
Micro Consumer Small Medium Corporate Stage 1 Stage 2 Stage 3
Covid-19 Restructured Loans by Collectability Covid-19 Loan Provisioning
120 .0% 50.0 50. 0%
36.7%
1.3% 5.3%
45.0
32.8% 33.4% 40. 0%
100 .0%
5.5% 8.6%
40.0
25.3%
10.4% 17.8% 30. 0%
80. 0% 16.7% 29.3% 34.8%
35.0
17.7%
20. 0%
30.0
30.9% 7.3%
25.0 10. 0%
60. 0%
28.2% 24.5% 20.0
93.2%
0.0 %
84.2%
74.7% 27.8
40. 0% 15.0
27.1 -10.0%
51.3%
10.0
20.0
20. 0%
42.6% 40.7% 5.0
13.6 13.6 10.6
-20.0%
- -30.0%
0.0 %
2020 2021 2022 2023 1Q24 1H24
2020 2021 2022 2023 1Q24 1H24
Provision (IDR Tn) Loan Coverage
Current SML NPL
25
Page 26
ULTRA MICRO &
MICRO BUSINESS
26
Page 27
THE ULTRA MICRO ECOSYSTEM
UMI Loans Up 7.7% YoY to Rp 622.3 Trillion
Loan Composition - Outstanding (IDR Tn) # Borrowers (in Mn)
7.7% YoY 0.4% YoY
BRI Micro Pegadaian PNM BRI Micro Pegadaian PNM Total
622.0 622.3 36.9 36.7 36.0 36.1
611.2 8.0% 35.3
577.9
551.3 47.1 49.8 49.2 31.0
71.6 45.5
483.9 42.6 67.6 77.0 22.5%
62.9 14.0 15.2 15.2 14.7 15.0
34.5 59.1
11.2 1.8%
52.4
7.0 7.7 7.8 6.9 7.7
5.7% 6.6 11.3%
496.6 500.7 469.5 496.2
449.6
397.0
351.4
13.3 14.4 14.0 13.7 14.3 13.4 -6.3%
11.7
2020 2021 2022 2023 1Q24 1H23 1H24 2020 2021 2022 2023 1Q24 1H23 1H24
Key Ratios
BRI Pegadaian PNM
Description
9M21* 1Q23 1H23 1Q24 1H24 9M21 1Q23 1H23 1Q24 1H24 9M21 1Q23 1H23 1Q24 1H24
Cost of Fund 2.1% 2.6% 2.7% 3.5% 3.6% 6.2% 5.7% 5.8% 6.1% 6.1% 8.7% 6.9% 6.9% 6.6% 6.5%
Credit Cost 3.8% 2.4% 2.3% 3.8% 3.5% 1.7% 1.0% 1.7% 1.1% 0.8% 1.3% 3.9% 3.0% 6.8% 6.1%
CIR 42.1% 37.4% 39.0% 34.3% 37.5% 63.0% 55.3% 55.5% 51.8% 52.3% 76.7% 70.2% 71.0% 59.7% 60.1%
Pegadaian & PNM joined BRI Group as part of the Ultra Micro Holding in September 2021
Pegadaian, PNM’s Cost Of Fund (COF) calculated by dividing annualized interest expense with average monthly Interest-Bearing Liabilities
PNM’s financing outstanding include financing disbursed to LKMS (Syariah Micro Financing Institution) and venture capital 27
Page 28
BRI MICRO BUSINESS PERFORMANCE
Increasing Kupedes Composition and Customer Base
Micro Loan Outstanding (IDR Tn) # Borrowers (in Mn) # Borrowers per Loan Officer
16. 0 15. 0
600 .0 575 .0 600
496.6 500.7 496.2 14.4 14.0 14.3 528 519 533
469.5 13.3 13.7 13.4
449.6
14. 0
0.6 0.5 0.6 13. 0
488 499 493
500 .0 475 .0
0.7 0.5 0.5 500
397.0 62.5 11.7 2.8 430
64.3 61.2
4.1
12. 0 11. 0
351.3 66.9 10.5 0.8 2.8 4.7
400 .0
68.9 375 .0 4.7 4.7 400
375
307.7 10. 0
0.9 9.0
74.9 3.4
79.9 129.2 212.3 216.6 182.8 212.3 8.0 7.0
3.9
300
300 .0 275 .0
83.2 131.8 6.0 5.0
200 .0
144.7 175 .0
10.9 200
9.8 9.6
8.8 8.5 8.3
155.1 4.0
7.5
3.0
251.5 219.9 221.5 219.8 222.7 5.7
190.3
100
100 .0 75. 0
2.0 1.0
126.7
69.3 0
0.0 -25.0 0.0 -1.0
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
KUR Kupedes Briguna KUR Kupedes Briguna
Growth YoY Growth YoY Loan OS per Loan Officer (in Bn)
20.0
18.4 18.2 17.5 18.2
Product 2019 2020 2021 2022 2023 1Q24 1H23 1H24 Product 2019 2020 2021 2022 2023 1Q24 1H23 1H24
18.0
16.5
16.0
14.6
14.0
12.9
11.0
KUR 279.5% 82.8% 50.1% 32.2% -12.6% -0.5% -2.5% 1.3% KUR 4.5% 31.4% 31.1% 10.8% -19.12% -15.0% -8.7%-14.2%
12.0
10.0
8.0
Kupedes 53.4% -6.8% -8.9% -1.9% 64.3% 30.7% 43.0% 16.1% Kupedes 8.7%-12.8%-19.5% 2.7% 64.71% 25.9% 57.3% 13.3% 6.0
4.0
Briguna 39.9% -4.0% -6.3% -8.0% -6.7% -8.3% -7.1% -8.6% Briguna -3.9% -9.8%-10.1%-13.6% -12.62% -13.7% -10.7%-13.7% 2.0
-
Total 72.0% 14.2% 13.0% 13.3% 10.4% 9.7% 10.4% 5.7% Total 5.3% 11.4% 13.5% 7.8% -2.2% -4.3% 3.7% -6.3% 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Bank only numbers 28
Page 29
KUPEDES DISBURSEMENT & QUALITY
Kupedes Disbursement Sources per Period (IDR Bn)
4Q22 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24
• We have been slowing Kupedes disbursement and
KUR Graduates 3,461 18,158 12,931 16,188 13,016 60,292 10,121 6,026
reducing disbursement to New Borrowers in 2024
New Borrowers 4.317 11,363 7,448 8,687 6,608 34,106 5,267 3,346 • Out of all Kupedes disbursement sources in 2023, the
worst asset quality comes from New Borrowers,
Kupedes Top-Up 14,880 29,639 26,290 25,311 25,646 106,886 22,502 19,009 while Kupedes from top-up to existing customers
performs better
Others 35 95 68 72 58 293 51 32
• Strategic responses to the micro asset quality that
Total 22,693 59,256 46,736 50,258 45,327 201,577 37,942 28,413 have been implemented are as follow :
a. Limit loan plafond by regional risk profile (Apr-24)
Remaining OS & Breakdown as of 1H24 (IDR Bn) b. Tiering loan approval (May-24)
c. Tighten loan top-up policy (May-24)
4Q22 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 d. Hire additional loan officers and Business Support
Assistant (added 400 loan officers and 583 BSAs)
Remaining Loan OS 7,176 24,114 25,250 32,435 34,147 115,947 33,683 27,113
e. Loan Officers KPI (focus on asset quality and
SML 1,378 4,153 3,543 3,125 2,321 13,142 448 48 recovery)
f. Reopen Regional Training Centers
NPL 583 1,762 1,104 1,033 255 4,154 20 1
Write-Off 406 749 219 34 2 1,003 0 0
Restructured Loan 1,271 2,729 1,627 1,011 380 5,747 22 0
Avg. NPL & WO* 0.30% 0.25% 0.21% 0.19% 0.07% 0.18% 0.01% N.A.
Avg. DG to SML (3
1.78% 1.19% 1.02% 0.79% 1.50% 1.12% 0.77% N.A.
MOB)**
*Total NPL + Write-off as percentage of total disbursement in each quarter divided by average Month on Book of respective quarter as of 1H24. Please note this ratio can fluctuate significantly as MOB
increases, it is a picture in time, not a means to predict future performance. we are using this calculation to track asset quality since it's to early to compare NPL downgrades through 1H24.
**Average DG to SML used data of average downgrade at 3 MOB
29
29
Page 30
APPENDIX
30
Page 31
DIGITAL INITIATIVES
31
Page 32
BRIMO
Accelerate Integration and Ecosystem Synergies. More Than 300+ Features in Just
3 years
BRIMO Journey Outstanding performance with significant double-digit growth
Better user experience to customers by
integrating 8 points of customer needs
in one application • NFC Payment
# Financial Transaction
• Multi-currency Card # Users (in Mn) Transaction (in Mn) value (IDR Tn)
• Gold Saving & Investment Portfolio
2024
• Travel & Groceries Features
• QR Cross Border (Thailand. Malaysia.
26.6% YoY 46.1% YoY 35.8% YoY
3,00 0.0
Jepang. China)
2,574.9
• Chat Banking Service (Sabrina)
2,50 0.0
2,013.3 2,50 0.0
1,896.0
• Complain-in-apps feature and toll-free 40.0
2,00 0.0
services to ease the complaints filing 35.2
2023
2,00 0.0
35.0
1,377.6
• Government bond 27.8
1,50 0.0
30.0
• Virtual credit card 1,50 0.0
• QR cross border (Singapore)
25.0
• Virtual debit card
1,00 0.0
20.0
1,00 0.0
15.0
• Opening Forex account
2022
10.0 500 .0
• QR payment with CC as source of fund
500 .0
Highest Rating Mobile Banking
• Personal financial management
5.0
• RDN investment
- - -
4.7 10M+ Download 1H23 1H24 1H23 1H24 1H23 1H24
146K Review • International transfers to more than
100 countries (SWIFT and Western
4.7
2021
50M+ Download Union)
1.5M Review • Forex conversion
• Instant transaction with fast menu
• QR Merchant
32
Page 33
BRISPOT
Improving Productivity and Efficiency by Digitalizing Business Process through BRISPOT
Boost Productivity & Unleash the Potential
01278781
Digitalization
+157 Impactful Features
+100K Users Micro +76 Before After
(loan officers & approvers) Small +37
Consumer +44 • Double work • All in one go
• Variative financial assessment • Standardized template
• No cross-selling module • Build-in cross-sell module
BRISPOT Features
Boost Productivity
• Sales & pipeline • BRILink partnership
Automation
• Portfolio balancing dashboard • KPI visibility
• Profit & loss portfolio • Activity suggestion Before After
• Working area mapping • QRIS acquisition
• UMi corner integration • Radar CASA • Manual prescreening
• Automatic prescreening
• Manual disbursement
Increase Efficiency • Automatic disbursement
• Manual reminder by loan
• Automated pre-screening • Online loan application • SMS & email notifications
officer
• Less paper letter register
• All in one application • Scheduled marketing
• Pick up transaction • Automated AGF
• BRISURF integration registration
Simplification
Strengthen Risk Management Before After
• Monitoring & evaluation • Early warning system
• Monitoring point to point • Loan collection • Paper based loan application • Paperless loan application
• “Activity Today” • KUR limit monitoring • Manual mapping • Geo-tagging technology
• Assistance • Credit restructuring • Approval process in 20 days • Less in 1 day
33
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BRILINK AGENT
Redefining Agent’s Roles to Tap the Untapped
# Agents (In Thousand) Fee Income (IDR Bn)
49.2% YoY 8.8% YoY
SERVICES
# Transactions (In Mn) Transaction Value (IDR Tn)
10.5% YoY 13.6% YoY
S T R AT E G Y
S T R AT E G Y
Loan Referrals (In Thousand) CASA (IDR Tn)
-12.8% YoY 8.8% YoY
34
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PNM & PEGADAIAN
35
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PT. PERMODALAN NASIONAL MADANI
Leading Women’s Group Lender in Indonesia
Balance Sheet Highlight IDR Bn
2Q23 2Q24 1H23 1H24 g YoY Loan Composition
Total Assets 50,701 55,680 50,701 55,680 9.8% As of 1H24
Loan Outstanding (Gross) 45,552 49,171 45,552 49,171 7.9%
Total Liability 42,524 45,783 42,524 45,783 7.7%
7% 3%
Total Equity 8,177 9,897 8,177 9,897 21.0%
Income Statement Highlight Mekaar
Ulamm
2Q23 2Q24 1H23 1H24 g YoY
Others
Net Interest Income 2,415 2,953 5,563 6,303 13.3%
Other Operating Income 79 120 141 156 10.7%
90%
Overhead Cost 1,798 1,857 4,052 3,881 -4.2%
Net Income After Tax 321 355 754 831 10.2%
Products & Services
Key Ratios ▪ Mekaar group lending for female borrowers
▪ ULaMM Micro lending
2Q23 2Q24 1H23 1H24 g YoY Extensive Network & Sales Force
NIM 20.7% 23.4% 24.24% 25.15% 0.91%
COF 6.9% 6.3% 6.93% 6.45% -0.48% Extensive network with
+4,500 outlets across
COC 2.1% 5.4% 2.97% 6.06% 3.08%
Indonesia
CIR 72.1% 60.4% 71.04% 60.08% -10.97%
Strong sales force with
The largest group lending provider in Indonesia +45,700 account officers
▪ Catering to more than 14.99 Mn borrowers, including 14.91 Mn group
lending borrowers
▪ Providing loans that are aimed to empower underprivileged women
36
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PT. PEGADAIAN
Market Leader in Indonesia’s Pawn Industry Services
IDR Bn
Balance Sheet Highlight
2Q23 2Q24 1H23 1H24 g YoY Loan Composition
Total Assets 77,588 93,609 77,588 93,609 20.6% As of 1H24
Loan Outstanding (Gross) 62,854 77,027 62,854 77,027 22.5%
Total Liability 47,323 60,509 47,323 60,509 27.9% 17%
Total Equity 30,265 33,100 30,265 33,100 9.4%
Gadai
Income Statement Highlight Non Gadai
2Q23 2Q24 1H23 1H24 g YoY
Net Interest Income 3,083 3,841 6,005 7,472 24.4% 83%
Other Operating Income 406 542 894 1,046 17.0%
Overhead Cost* 1,945 2,314 3,832 4,455 16.3% Products & Services
Net Income After Tax 1,067 1,520 2,106 2,905 37.9% ▪ Pawn financing ▪ Gold savings
*Excluding Cost of Good Sold for Gold ▪ Micro-fiduciary ▪ Others (e.g., money
financing transfers, payments)
Key Ratios Extensive Network & Sales Force
2Q23 2Q24 1H23 1H24 g YoY
NIM 19.9% 20.4% 19.8% 20.6% 0.8%
COF 5.9% 6.1% 5.8% 6.1% 0.3%
COC 2.4% 0.5% 1.7% 0.8% -0.9% + 4,000 Outlets +2,500 sales force
CIR 55.7% 52.8% 55.5% 52.3% -3.2%
The oldest pawn service provider with more than 120 years
experience
▪ The largest pawn service provider based on Asset & Loan +7.7 Mio Gold Savings
Active +3.1 Mio Active Cust. with
▪ Leader in pawn lending with market share of more than 95%, catering
Borrowers +8.2 Tonne gold outstanding
to more than 7.7 Mn borrowers
37
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ESG INITIATIVES
38
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VALUE BEYOND PROFIT, COMMITMENT TO ESG
At The Forefront of ESG Implementation
BRI Sustainability Journey BRI Sustainability Framework
1985 2019
2013 2015 2017
1986 Our Purpose
Published first Joined First Issued CPO Issued Empowering The People and Nurturing The Planet
KUPEDES &
SIMPEDES Sustainability Movers on specific- Sustainability
was launched Report Sustainable sector Loan Bond ($500M) Sustainability Strategy Pillars
Banking Policy
initiated by
OJK
2024 Environmental Social Governance
2023 2022 2021 2020
Onboarding Climate Empowering The Maintaining Good
Green Bond Net Zero Formed ESG Formed Conducted Change People Corporate Governance
(IDR 2.5 Tr) Emission Division Ultramicro GHG
Target 2050 Holding with Emission • Climate Risk
- Oil & Gas BRI • Customer Empowerment • Board Governance
Pegadaian & Calculation • Green Network
loan policy Committed to Sustainability • Employee Empowerment • Business Ethic
PNM • Green Banking
- Coal loan SBTi to set Strategy • Community Empowerment • Responsible Product
policy science-based Issued Green Formed ESG • Risk & Cybersecurity
Environmental
NZE target Bond Committee
Issued TCFD (IDR 5 Tr) Social Expected SDGs Impacts
Report Constituent
Pulp & Paper Governance
of IDX ESG
Principles of sub-sector loan Leaders
Human Rights policy Index
in Employment
PCAF
UNGC Signatory Signatory
Green Bond
Financed
(IDR 6 Tr)
emission
calculation Governance 39
Page 40
MAINTAINING GOOD CORPORATE GOVERNANCE
BOARD GOVERNANCE As of 1H 2024 BUSINESS ETHICS
22 Board Members BRI has become the supporter of United Global
Compact (UNGC) since 2023. This commitment
underscores our dedication to align our business
12 Members of
practices with ethical standards for human rights,
Board of Directors
labor, environment, and anti-corruption
10 Members of
Board of Commissioners
CYBERSECURITY
Independent members BRI takes a proactive approach to cybersecurity, continuously investing in
measures to safeguard customer information. Our robust cybersecurity programs
have resulted in Zero data breach in the past 5 years.
Gender of Board Members Age of Board Members Independency of BoC
Cybersecurity Framework
22,7% 22,7%
30%
77,3% 77,3% 70%
30 - 50 > 50 Independent Non-independent
Identify Protect Detect Response Recover
Male Female
• IT security • Security • Security • Cyber • IT recovery
Long-term Incentive Plan for the Maturity Governance Operation Security orchestration
ESG Governance Assessment Center Incident
Members of Board of Management • Data security • Strategic
Response
• Gap analysis • Thread post-cyber
• Policies & Team
Intelligence attacks
BRI offers a 3-year performance- ESG Committee, chaired by the Procedures (CSIRT)
analysis
based share/cash bonus (LTI) to CEO, oversees ESG strategies, • Brand
• Awareness &
Board members, tied to ROE, NPLs, monitor ESG performance, and Protection
Training
and total shareholder return. manage ESG risks.
Governance 40
Page 41
SUSTAINABLE FINANCE
Sustainable Financing Portfolio (IDR Tn) ESG-based Wholesale Funding
BRI is driving positive change by directing 65.2% of its financing and corporate 16.8%
As of 1H2024
bond investment towards sustainable sectors.
900 .0 70. 0%
Green Bond
Total Wholesales Funding : IDR 65.5 Tn
800 .0
4.5 4.0 8.6% Inclusivity-based Securites
60. 0%
700 .0
80.4 89.8 47.7% Repo ESG
78.8 50. 0%
52.3% of BRI’s total wholesale 6.9% Sustainability Linked Loan
600 .0
ESG-based Corporate
70.8 funding are ESG-based Non ESG-based Funding
65.9
500 .0
Bond Investment
40. 0%
Green Loan Portfolio 20.0%
400 .0
Green Bonds
30. 0%
692.3 699.8
300 .0
616.1 Social Loan Portfolio
484.4 543.4 20. 0%
200 .0
Green Bond Phase I Green Bond Phase 2 Green Bond Phase 3
10. 0%
100 .0
Issue Date 21 July 2022 Issue Date 17 October 2023 Issue Date 21 March 2024
- 0.0 %
Total Size IDR 5 Trillion Total Size IDR 6 Trillion Total Size IDR 2.5 Trillion
2020 2021 2022 2023 1H24
Proceed • 81% Green Projects Proceed • 80% Green Projects Proceed • 70% Green Projects
Green Financing Portfolio Breakdown (IDR Tn) • 30% Social Projects
Allocation • 19% Social Projects Allocation • 20% Social Projects Allocation
Green transportation; IDR 11.47 Eco-efficient products; IDR 7.98 Contribution to SDGs
Renewable energy; IDR 6.48
Green building; IDR 2.08 Sustainability-linked Loan Inclusivity-based Securities
Pollution prevention & The proceeds are allocated for financing for MSMEs, MSME Corporations,
control; IDR 0.69 The First Asia Financial Sector
and/or Low-Income Individuals
Sustainable launching sustainability-linked loan
management of Land and water Medium Term Notes 2022 Subordinated Bonds IV 2023
living natural biodiversity Signing Date 26 August 2022
resources and land conservation; IDR 0.23 Issue Date 24 November 2022 Issue Date 6 July 2023
use ; IDR 60.83 Total Size USD 1 Billion
Sustainable water and Total Size IDR 5 Trillion Total Size IDR 500 Billion
wastewater management; % increase in Micro Loan
(SPTs) Composition
IDR 0.002
Contribution to SDGs
Other environmentally-
friendly projects; IDR 0.02
Contribution to SDGs
Governance 41
Page 42
MANAGING RISK THROUGH LOAN POLICY & CRST
BRI Loan Policy Palm Oil Loan Policy Pulp & Paper Loan Policy Climate Risk Stress Testing
No deforestation practices, including land No deforestation practices, including land • Aligned with the Financial
BRI Negative List Loan Policy, clearing and no exploitation
BRI is committed to having no clearing and no exploitation Services Authority (OJK)
exposure in several sectors, ISPO/RSPO certification or still in the
roadmap for Climate Risk
including but not limited to: Industry Certification: Timber Legality Management and Scenario
process of obtaining ISPO certification
Assurance System (SVLK)/ HCV or HCS Analysis (CRMS)
Gold or Green Predicate on PROPER Assessment/ Green Industry Certification/ implementation, BRI will
Illegal Logging Rating Forest Stewardship Council/ Indonesian conduct Climate Risk Stress
Cultivation of Marijuana & Forestry Certification Cooperation Testing (CRST) in 2 phases.
Narcotics productions and
trading Oil and Gas Policy Gold or Green Predicate on PROPER Rating • The analysis in Phase I covers
Forced labor, child 71.41% of our total portfolio
Energy Transition
exploitation, human • Road map for reducing GHG emissions (50% required by OJK)
Loan Exposure
rights violation • For Oil and Gas Business activities that use
energy >= 6000 TOE, have proof of • Sectors included:
implementing Energy Management in 1. Agriculture, hunting &
Money Laundering %Composition
accordance with regulation. As of 1H2024 forestry,
Destroying historical 2. Mining & quarrying
and archaeological PROPER Rating (Black PROPER rating is Pulp & Paper 1.4%
3. Electricity, gas & water,
building not accepted) Oil & Gas 1.9% 4. Construction,
5. Transportation & storage,
Coal 1.0% 6. Manufacturing,
Trading protected animals
Coal Loan Policy Coal-fired Power 2.2% 7. Wholesale & retail trade,
Fishing business using 8. Mortgage
fishing gear that is Generation
Energy Transition 5.0%
prohibited by Plantation • Phase II Analysis will cover
Roadmap for reducing GHG emissions
regulation Plantation - Processing 2.1% 100% that will be delivered in
and implement energy management in
Other fields/sector compliance with regulations & Manufacturing 2025.
according to applicable Plantation - Trading 0.5%
law PROPER Rating (Black PROPER 85.9%
Others
Rating is not accepted)
* The above specific sector loan policies only apply to corporate and medium segment debtors.
Each loan policy incorporates a comprehensive set of ESG risk mitigation measures, of which the examples provided are illustrative. Governance 42
Page 43
BRI FINANCIAL INCLUSION & LITERACY
BRI is committed to providing access to customer-centric and affordable financial products & services to underserved groups, including but not limited to low-income
individuals, underprivileged women, and other underserved groups.
As of 1H 2024
Access Usage Quality
Making financial services available and accessible to everyone Creating and offering affordable financial products that meet the Helping customers improve their financial knowledge, protect their
through BRI branches, digital banking, and BRILink agent networks. changing needs of customers, especially the underserves. money, and grow their businesses through community programs.
Extensive Banking Channels Saving Products A program to create successful businesses
Simple and affordable savings in villages across Indonesia, helping 3,178
176 million achieve global development goals. BRILiaN Villages
account designed to meet the needs accounts
of individuals from all walks of life
7,706 1,025 743,308 A program targeting micro-communities by
Physical Outlets Savings account designed 2.3 million forming Business Clusters based on
Senyum Outlets E-channels*
specifically for children under the
23,243
accounts shared interests, environmental Business Clusters
age of 17 conditions, and familiarity.
Digital Financial Inclusion through BRImo
Micro Insurance Products A platform to support the development of
(in Million) Affordable life insurance for 6.5 million +8.2 Million
(in Million) insurance policies
MSMEs, offering various training services,
2,50 0.0
2,013.3 individuals in micro segment
35.2 consultations, business information, and Users
# Financial Trx
1,377.6
40.0
35.0
27.8 2,00 0.0
other supporting facilities.
30.0
25.0
1,50 0.0
Affordable home insurance for 4.9 million
20.0
individuals in micro segment insurance policies
# Users
1,00 0.0
15.0
10.0
5.0
500 .0
A digital marketplace for food 73,716
Affordable business property commodities, enabling farmers, breeders, Users
3.8 million
- -
1H23 1H24 1H23 1H24 insurance for individuals in insurance policies and fishers to sell their products across
micro segment Indonesia.
Expand access through BRILink Agents Ultra Micro & Micro Loan Improve and protect customers financial well-being through:
(in Thousand) (in Million) Group-based ultra-micro loan • Fair marketing policy
120 0.0
993.7 14.9 million
100 0.0
666.0 590
572.6 program specifically designed to Women borrowers • Customer’s Data privacy management
800 .0
518.4 empower under-privileged women • Financial Advisor & Digital Literacy
540
600 .0
• Loan Calculation based on Customers’ Needs to avoid over-indebtedness
# Agents
# Agents
Pawn lending product to meet the 7.1 million
490
• Responsible Debt Collection
400 .0
needs of customers Pawn borrowers
440
200 .0
0.0 390
Dec 2023 Jun 2024
1H23 1H24 1H23 1H24
BRI micro-lending products to Customer
Transactions via BRILink Agents include transfers, payments, meet the needs of individual and 13.4 million
Micro borrowers
Satisfaction Rate 84.66 85.17
top-ups, cash deposits and withdrawals. business customers
*Includes ATM, EDC, CRM and e-Buzz Social 43
Page 44
ULTRA MICRO ECOSYSTEM EMPOWERING UNDERPRIVILEGED
WOMEN
PNM Mekaar Business Capacity Development Initiatives
PNM Mekaar provides access to capital, assistance, & capacity building
programs for Underprivileged Women Community & SME, especially female
housewives.
Training for Borrower Preparation
Carried out for 3 days
As of 1H 2024 Training Program for prospective customers of prior to loan
PNM Mekaar disbursement
+14.9Mn
1.7% YoY
+43,700 Female Borrowers
Mekaar Account Officer Meaningful Weekly Group Meeting
Meaningful Weekly Group
All Mekaar Account Officers
+IDR 44.3 Tn Meeting (PKM Bermakna) is
11.9% YoY
are female Loan Outstanding carried out by Mekaar Loan
Officer through weekly group
meeting activities
Women Empowerment as part
of the Meeting Schedule
• Importance of saving
• Reading business
opportunities
• Managing business and
family finances, etc.
Social 44
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MANAGING HUMAN CAPITAL & HUMAN RIGHTS
HUMAN CAPITAL MANAGEMENT As of 1H 2024 Employee Support Program
Supporting Physical Wellbeing Supporting Social Wellbeing
80.317 • Regular Medical Check-up • Respectful Workplace Policy
total employee • Health Insurance
• Fitness Center
As per June 2024 40% female out of total employee
Supporting Psychological Wellbeing Supporting Financial Wellbeing
Age 30-50
<30 years
years
> 50 years • Psychological consultancy through • Seminar focusing on personal
Composition 202 3
27.5% 4.8%
67.7% BASIC (BRILiaN Assistance Center) financial management
• Maternity & Paternity Leaves
32% - 10,0 00 20,0 00 30,0 00 40,0 00 50,0 00 60,0 00 70,0 00 80,0 00
women leaders HUMAN RIGHTS MANAGEMENT
out of total management
* including: Top Management, Middle Management, and Junior Management Human Rights BRI's Human Rights Policy is a form of respect for Human Rights that guides the
Policy implementation of Human Rights in BRI's own business and operations, activities
within supply chains and other third-party partners, activities involving BRI
Long-Term Incentives For Employees since 2016 customers, and activities within the community.
Human Stakeholders
Employee Stock Allocation Program (ESA) Stakeholders Human Rights Issues Being Assessed
The Employees eligible for ESA will be from all levels based on
Rights Assessed
multi-year historical performance requirement Assessment Discrimination & harassment, Diversity, equity, &
inclusion, Health & safety, Remuneration, Work-
Employee Stock Option Program (ESOP) Employees 67.05%
Historical Program
The Employees eligible for ESOP will be from BOD-1 to BOD-4
Life balance, Human Capital development,
Freedom of association
ESA
level out of a BRI
total of 7 levels of employees
Forced Labor, Child Labor, Limited Collective
ESA Comp% ESOP Comp% Bargaining, Freedom of Association, Health &
Number of Shares Vendors 42.13% Safety, Unfair Work Conditions, Discrimination,
1,026,523 0.0007% 148,926 0.0001% Inadequate Living Standard, Limited Medication,
(thousand)
Privacy Violation
Number of Participant
(per program) ~50,000 64.3% ~2000 2.6%
Social 45
Page 46
GREEN NETWORK
Operational Emissions Target & Progress (TonsCO2eq) Avoidance & Removal Emissions Initiatives
492,370 486,271 Zero Waste to Landfill Program
42% reduction
compared to
BRI has established waste management and routine monitoring that includes a series of activities, from
Base Year sorting, disposal, collection, and transportation, to processing. Total 441.817 kg CO2 eq of emission
avoided in 2023
360,135 355,742
Net Zero Scope 1 Emissions
132,235 130,529 Target
- Scope 2 Emissions
2022 2023 2030 2050
Near-term
Base Year
Target
Green Initiatives to Support NZE 2050 (as of 1H 2024)
Implemented Solar Panels in 100 offices
BRI Menanam & BRI Menanam Grow & Green
(BRI Tree Planting) has distributed 904,196 tree seedlings and reached 2,593 villages throughout
Indonesia. The estimated absorption of pollutant gasses in 2023 are 780.606 kgCO2e.
Converted operational vehicles to eco-friendly cars and
electric motorcycles
119 Unit 300 Unit
Eco-friendly cars Electric motorcycle
Environmental 46
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GREEN BANKING
Financed Emission Target & Progress Reduction Target and Pathways of Financed Emission
33 - 46.4% In the effort to achieve the net-zero target by 2050, BRI has conducted calculations of the carbon intensity from financed
reduction emissions. BRI establishes specific targets and pathways for industrial sectors, such as paper & pulp, commercial real estate,
compared to
power generation, and power generation project finance, using the base year 2022.
11,222,829
10,434,550
Base Year
BRI employs Sectoral Decarbonization Approach (SDA) and Temperature Ratings Methodology to establish and manage
Net Zero
Target emission reduction targets.
2022 2023 2030 2050
Sectoral Decarbonization Approach (SDA)
Near-term
Base Year
Target
Paper and Pulp Commercial Real Estate Power Generation Project Finance Power Generation
0.123 0.117 0.548 0.545
Financed Emissions by Sector (TonsCO2eq)
1.075 0.959
Reduction Reduction
0.816
0.858
Reduction Reduction
33% 46.4% 40.8% 40.61%
1.06% 0.37% 0.05% Reduction
Reduction Reduction Reduction
Electricity, gas, steam, & AC supply 71.6% 80.8% 80.6%
1.10% 81%
0.02% Manufacturing 0% 0% 0% 0%
2022 2023 2030 2040 2050 2022 2023 2030 2040 2050 2022 2023 2030 2040 2050
2022 2023 2030 2040 2050
Mining & quarrying Base Year Target Base Year Target Base Year Target Base Year Target
17.71%
Agriculture, forestry, fishing
(Unit metric tons CO2e/metric tons (Unit metric tons CO2e/m2) (Units: metric ton CO2e/electricity (Units: metric ton CO2e/electricity
19.44% Real estate
60.25% of paper and pulp produced) and heat generated in MWh) and heat generated in MWh)
Construction
Transportation & Storage
Finance & insurance
Temperature Rating Approach (TRA)
Loan Bond & Listed Equity
Financed Emissions by Asset Class (TonsCO2eq)
Scope 1, 2 Scope 1, 2, 3 Scope 1, 2 Scope 1, 2, 3
(Annual Reduction Rate (ºC/year) 0.0783) (Annual Reduction Rate (ºC/year) 0.0656) (Annual Reduction Rate (°C/year) 0.0756) (Annual Reduction Rate (°C/year) 0.0661)
1.06% 0.01%
3.16oC 3.14oC 3.18oC 3.18oC 3.11°C 3.09°C 3.19°C 3.18°C
4.42% 2.77oC 2.85oC 2.73°C 2.86°C
Business Loan
2oC 1.75°C 2.00°C
1.75oC
Electricity Gen. Project Finance
33.59% Bond Investment
60.93% Commercial Real Estate
2022 2023 2027 2040 2022 2023 2027 2040 2022 2023 2027 2040 2022 2023 2027 2040
Listed Equity
Realization Target
Environmental 47
Page 48
BRI ESG RATINGS
Sustainalytics MSCI Other ESG Ratings
1 ASEAN Corporate Governance
• Overall Score: 110.2
ESG Risk Rating ESG Rating • Top 3 public listed company in
Indonesia with top score above 97
Low Risk A A A
Low Risk CGPI (Corporate Governance
Medium Risk 17.8 2
18.8
20.9 Perception Index)
• CGPI Score: 95.21, considered as the “Most Trusted Company”
2021 2022 2024 2022 2023 2024 • The score increased from 95.18 in 2022
Last Update: May 16, 2024 Last Update: June 25, 2024
Indonesia’s Stock Market Indices
S&P Global 1 SRI-KEHATI
SRI-KEHATI Index is the Sustainable and
Responsible Investment (SRI) Biodiversity
index that uses the principles of ESG
90th 92nd • Classified as “ESG Quality 45” and “ESG Sector
Leaders”
72nd
63 2 IDX ESG Leaders
Percentile 63 Measuring the performance of
Rank companies that have good ESG
52 assessments and are not involved
ESG in significant controversy
Score:
BRI has been a constituent of the IDX ESG
2021 2022 2023 Leaders Index (ESGL) since March 2021
48
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INVESTMENT PROPOSITION
49
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BRI INVESTMENT PROPOSITIONS
01
Sound Business Strategy, Focus on Flagship Segments
02 Hybrid Bank Business Model
03
Solid Foundation for Low-cost Fund
04 Robust Capital Management to Ensure Optimum Return
05
Value Beyond Profit, Commitment to ESG
50
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BRI'S CORPORATE STRATEGY
Asset Quality
1 Focus on asset quality and recovery income to support profitability through comprehensive
balance scorecards, resources reallocation and collection tools enhancement
Selective Growth
2 Productive asset growth while maintaining quality by focusing on high yield asset
The Most Valuable expansion through pipeline management and strengthening role of subsidiaries
Banking Group in CASA Sustainability
Southeast Asia & 3 Increasing CASA market share by building ecosystem through territorial control &
referrals and value chain business
Champion of
Financial 4 Excellence Enablers
Strengthen employee capabilities, system reliability, services and networks, as well
Inclusion as data analytics to provide superior quality banking services
51
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ULTRA MICRO & MICRO ECOSYSTEM
Quantifying the opportunity and the network of multiple access points
Access to comprehensive Ultra Micro & Comprehensive Savings and Beyond
Micro Financing Products Banking Products
• Group Lending (PNM Mekaar): • Micro Savings: IDR 313.9 Tn (-0.1% YoY)
IDR 44.2 Tn (11.9% YoY), 14.9 mn borrowers • Micro Insurance (Life/ Health, House &
(4.8% YoY) Property): 15.2 mn insurance policies (-20.6%
• Pawn Lending (Pegadaian): YoY)
IDR 63.6 Tn (18.6% YoY), 7.1 mn borrowers • Life/ Health: 6.5 mn policies (-29.6% YoY)
(9.3% YoY) +36.1mn +176mn • House: 4.9 mn policies (-12.3% YoY)
• Micro Loan: Micro • Property: 3.8 mn policies (-12.5% YoY)
(+0.4% YoY)
a) BRI Micro Loan: IDR 496.2 Tn (5.7% YoY), • Gold Savings & Investment:
13.4 mn borrowers (-6.3% YoY) UMi & Micro Deposit
3.1 mn customers & 8,223 kg gold OS (8.3% YoY)
b) PNM Ulamm: IDR 3.6 Tn (-26.1% YoY), 77K Borrowers Accounts • Mobile Banking (BRIMo): 35.2 mn users (26.6%
borrowers (-43.1% YoY) YoY)
c) Pegadaian (Non-Pawn Lending): IDR 13.3 Tn
(65.4% YoY), +618K borrowers (41.8% YoY)
Wider Points of Access
Physical Outlets Co-Location BRI Financial Advisors
Physical Outlets BRILink Agents
+15.4K units (-0.9% YoY) (Senyum Outlets) E-Channels +75.5K (-1.6% YoY)
(BRI Micro Outlets +6.6K (-3.9% YoY); +743 units (BRI +27.2K (1.2% YoY);
1,025 units +993K Agents
Pegadaian +4,092 (+0.1% YoY); PNM (+26.4% YoY) Pegadaian +2.5K (+7.3% YoY);
(1.2% YoY) (49.2% YoY)
+4,665 (2.6% YoY) PNM +45.7K (-3.7% YoY)
52
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FOCUSED GROWTH ON THE ULTRA MICRO & MICRO SEGMENTS
Well-positioned To Serve The Growing Financing Needs of the Segment
National Posture of Indonesian Enterprises and Individuals
1
Corporation: ~5.6k business with sales of >Rp50 Bn and working capital of Corporate/ 1 High Net Worth Individual: ~129k people with assets of
>Rp50 Bn Individual >IDR500 Bn
Medium: ~44.7k businesses with sales of >Rp15 Bn – Rp50 Bn and working Premium: ~1.1 Mn people with assets of >IDR500 Mn
2 Medium Premium 2
capital of >Rp5 Bn – Rp10 Bn
3 Small: ~194.0k businesses with sales of >Rp2 Bn – Rp15 Bn and working
Middle 3 Middle Class: ~90mn people with assets of IDR50mn –
capital of >Rp1 Bn – Rp5 Nn Small IDR500mn
Class
4 Micro & Ultra Micro 4 Micro
• ~67mn businesses, incld. ~53mn businesses eligible for Ultra • c. ~165mn people with ample knowledge of basic saving
Micro loans product, but low for investment and insurance
• Access to group loans or KUR only • Start using digital banking technology
Ultra Micro
Mass • Mostly reliant on informal funding
Micro and Ultra Micro
Large Customer Base Extensive Banking Channels Comprehensive Product Offerings Digitized Business Process
BRI Micro & +36.1 Mn Borrowers • 7,706 BRI Micro Outlets ❑ Lending: Individual, ❑ Insurance: Life and • BRISPOT Micro, Pegadaian Selena,
Ultra Micro (+13.4 Mn BRI, +14.9 Mn • 4,092 Pegadaian Outlets Group Lending, Pawn Health Insurance, PNM Digi (Digital Loan Underwriting
Comprehensive PNM, +7.7 Mn Pegadaian • 4,665 PNM Outlets Lending General insurance System)
Business borrowers) • 993k BRILink Agents ❑ Deposits: Saving ❑ Investment: Gold • Senyum Mobile (cross referral system)
Account, Current Savings • BRILink Mobile (Mobile App for Brilink
Account, Time Deposit ❑ Other Services Agents)
Source: Ministry of Coorperatives and SMEs’s published data (2021) and BRI’s public filings 53
Page 54
THE ESTABLISHMENT OF ULTRA MICRO ECOSYSTEM
Strengthen BRI’s Positioning In Micro Banking Through Integrated Customer Journey
Ultra Micro Business will serve as BRI’s New Source of Strong Business ecosystem of BRI, Pegadaian and PNM will create integrated customer journey
and Sustainable Growth through Unique Value Propositions
(# Ultra Micro Business)
Total ~53 mio
Unserved ~3.0 mio
Served
Friends & Family ~3.0 mio Bank
Loan ~15.5 mio
~3.0 mio
Shark
Fintech ~1.5 mio
Rural ~1.5 mio ~9 mio
Bank
~44 mio
Pawn
Lending Value Propositions
~7.5 mio
1 2 3 4 5 6
Group Comprehensive Wider Customer Access to Micro Data
~18 mio Joint Empowerment
Lending Financing Customer Point of Access Payment Ecosystem Analytics & Increasing
Product Acquisition Through & Beyond Banking Capabilities
Offering Co-Location Products
Source: Company, as of 2023 54
Page 55
HYBRID BANK BUSINESS MODEL
Combining Physical Presence and Digital Capabilities (Phygital) to Match Customer
Journey
Key Characteristics of Ultra Micro & Micro Customers
Familiar with digital platforms,
1 although smartphone HYBRID BANK
penetration remains low
Digital Capabilities Physical Presence
Limited knowledge of financial
2 products beyond savings
account
Digitizing Core
7,706 Outlets
Digitize business process to boost
3 Cash still being the dominant
chosen method of
productivity & unleash the potential 1 1 743,308 E-Channels
transactions
4
Need a financial institution that
is “locally embedded” and is Digital Ecosystem Big Data & AI
993,677 BRILink Agents
able to “gain their trust” Build ecosystem to leverage new
liquidity, new opportunities and 2 BRIBrain Utilization
2 BRI Branchless Banking
new source of growth
Majority without stable
5 income
Prefers banking via an agent New Digital Propositions ~27.2k Experienced
6 rather than digital banking
model
Create independent greenfield digital bank 3 3 Financial Advisors
to tap the untapped segment and
+74k Umi Holding (incld. Pegadaian & PNM)
embedded in customer’s life
Open to beyond banking
7 offerings to help grow the BRI Digital Advisors (“Penyuluh Digital”)
business Digital Acquisition, Digital Transaction,
and Digital Education
55
Page 56
SOLID FOUNDATION FOR LOW-COST FUND
CASA Focused Strategies to Optimize Market Potential and BRI’s Large Customer Base
BRI CASA Performance CASA Potential
Broad range of products for various customers’ needs
• Savings - Simpedes, Simpedes Bisa, Simpedes UMi,
CASA: BRI vs Industry (IDR Tn) Financial Inclusion Index Customer Oriented Britama, Britama Bisnis, Britama Valas, , Britama
CASA Products Rencana, Britama Junio, Tabunganku
• Current Account - Giro BRI
80. 00%
7,00 0.0
Improve Customer Experience by
75. 00%
6,00 0.0
70. 00%
Re-Inventing re-inventing the business process
7.6% YoY
5,00 0.0
65. 00%
4,00 0.0
60. 00%
76.19%
85.10% Business Model (BRILink, BRIMO, Digital Saving)
4,977.0 5,357.2
67.80%
55. 00%
3,00 0.0
50. 00%
2,00 0.0
45. 00%
1,00 0.0
7.8% YoY Providing customized payment platform
-
809.5 872.4
40. 00%
2016 2019 2022
Digital Ecosystem to capture new growth potential (BRI
1Q23 1Q24 Platform Open API, BRIMOLA, Junio Smart)
BRI Industry
Source: National Survey of Financial
Literacy & Inclusion 2019 by Capturing the liquidity potential based
Financial Services Authority Close Loop on commodities (Pasar.id, Commodity
Ecosystem Payment Chain)
Cost of Fund* Money Outside Banks (IDR Tn)
120 0
976 Increasing share of wallet through BRI
3.73% 3.53% 3.59%3.64% 100 0
831
898 954 934 Subsidiaries’
4.00%
3.06% 760 Group Synergies (joint acquisition/cross
3.50%
3.00% 2.36%
800
655 Synergies selling)
2.50%
2.06% 600
2.00%
400
1.50%
1.00%
200
Culture & CASA Focus KPIs, Empowering Customer’s
0.50%
0.00%
0
2019 2020 2021 2022 2023 1Q24 1H24 2019 2020 2021 2022 2023 1Q24 5M24
Capabilities Digital savviness by extending RM’s role as
Digital Advisors
*Source: Indonesia Financial Statistic
*Consolidated number
56
Page 57
1H24
BANK ONLY PERFORMANCE
57
Page 58
FINANCIAL HIGHLIGHT – BANK ONLY
Bank Only
Description
1H24 1Q24 1H23 g QoQ g YoY
Total Loan (IDR Bn) 1,207,047 1,181,606 1,089,372 2.2% 10.8%
Micro/ Total Loans 41.10% 42.37% 43.10% -1.3% -2.0%
NIM 6.41% 6.59% 6.81% -0.2% -0.4%
Total CAR 23.23% 21.87% 24.65% 1.4% -1.4%
CASA % 63.43% 61.86% 65.68% 1.6% -2.2%
Cost of Fund 3.57% 3.54% 2.66% 0.0% 0.9%
Cost to Income Ratio (CIR) 37.47% 34.25% 38.96% 3.2% -1.5%
NPL (Gross) 3.21% 3.27% 3.10% -0.1% 0.1%
Credit Cost 3.49% 3.82% 2.27% -0.3% 1.2%
Credit Cost Net 1.87% 2.39% 1.03%
ROA After Tax 3.06% 2.98% 3.14% 0.1% -0.1%
ROE B/S 19.40% 18.62% 18.40% 0.8% 1.0%
Leverage 6.3 6.6 5.9 (0.3) 0.4
Net Profit (IDR Bn) 28,247 13,799 26,266 4.7% 7.5%
58
Page 59
BALANCE SHEET – BANK ONLY
Balance Sheet Optimization Supported by Earning Assets Mix
(IDR Bn)
Items 1H24 1Q24 1H23 g QoQ g YoY 2023 2022 2021
Cash and Cash Equivalent 101,362 109,631 116,641 -7.5% -13.1% 132,904 177,282 82,059
Total Earning Assets: 1,709,116 1,718,402 1,557,749 -0.5% 9.7% 1,684,737 1,573,609 1,504,797
- Placement with BI & Other Banks 43,973 65,959 63,019 -33.3% -30.2% 85,555 88,710 66,922
- Receivables (Acceptance & Others) 87,455 76,125 47,712 14.9% 83.3% 65,018 47,075 39,856
- Loans 1,207,047 1,181,606 1,089,372 2.2% 10.8% 1,146,083 1,029,803 943,703
- Gov't Bonds & Marketable Securities 321,066 345,280 308,836 -7.0% 4.0% 338,826 360,085 408,265
- Other Earning Assets 49,574 49,432 48,810 0.3% 1.6% 49,255 47,936 46,051
Earning Asset Provision: (79,002) (80,576) (82,564) -2.0% -4.3% (79,660) (86,447) (82,868)
- Loans Provisions (77,678) (78,259) (79,940) -0.7% -2.8% (77,010) (84,579) (80,911)
- Other Provisions (1,324) (2,317) (2,624) -42.8% -49.5% (2,650) (1,868) (1,957)
Fixed & Non Earning Assets 101,284 103,021 92,937 -1.7% 9.0% 97,267 86,550 68,773
Total Assets 1,832,759 1,850,477 1,684,763 -1.0% 8.8% 1,835,249 1,750,995 1,572,761
Third Party Funds : 1,384,426 1,410,365 1,240,371 -1.8% 11.6% 1,352,683 1,300,776 1,127,849
- CASA 878,163 872,398 814,628 0.7% 7.8% 873,169 870,532 713,973
Current Account 358,694 354,898 298,984 1.1% 20.0% 346,655 349,492 219,397
Savings Account 519,469 517,500 515,644 0.4% 0.7% 526,515 521,040 494,576
- Time Deposits 506,262 537,967 425,742 -5.9% 18.9% 479,514 430,244 413,876
Other Interest Bearing Liabilities 97,312 96,370 102,452 1.0% -5.0% 103,533 95,353 103,204
Non-Interest Bearing Liabilities 59,027 65,343 57,226 -9.7% 3.1% 80,296 61,244 55,291
Total Liabilities 1,540,764 1,572,077 1,400,049 -2.0% 10.1% 1,536,512 1,457,373 1,286,343
Tier 1 Capital 233,938 219,771 224,080 6.4% 4.4% 238,957 234,728 231,397
Total Equity 291,995 278,400 284,714 4.9% 2.6% 298,737 293,622 286,418
Total Liabilities & Equity 1,832,759 1,850,477 1,684,763 -1.0% 8.8% 1,835,249 1,750,995 1,572,761
59
Page 60
LOAN PORTFOLIO – BANK ONLY
Loan Growth Led By Corporate & Consumer Segments
Loan Outstanding – by business segment (IDR Tn) Composition – by business segment (%)
1,40 0.0 120 .0%
1,181.6 1,207.0
1,20 0.0 1,146.1
1,089.4 100 .0%
1,029.8 251.8
206.8 228.4 19.1% 18.3% 17.5% 18.0% 19.3% 18.0% 20.9%
943.7 22.2%
1,00 0.0
195.7
859.6 880.7 180.6 34.2 36.2 2.3% 2.2% 2.0% 2.8% 2.9% 2.6%
32.3
80. 0%
2.5% 3.0%
172.4 27.9
21.0 21.1%
800 .0
168.4 228.1 231.7 230.7 22.4% 21.6% 19.9% 19.6% 20.6%
191.1 20.8 224.7 19.1%
216.9 23.1%
20.0 60. 0%
21.5 204.1
600 .0
197.2 182.4 186.7 192.2 15.8% 15.7% 15.9% 15.8% 15.7%
171.5 16.3% 15.9%
198.7 161.7 16.3%
149.4 40. 0%
400 .0
143.7
140.5
496.6 500.7 496.2 39.9% 42.1% 43.7% 43.3% 42.4% 43.1% 41.1%
449.6 469.5 20. 0%
35.8%
200 .0
351.3 397.0
307.7
0.0 %
-
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Micro Consumer Small Medium Corporate Total
YoY Growth ( % ) 5.7 12.1 2.6 29.6 28.7 10.8
(IDR Tn) 26.6 20.7 5.9 8.3 56.2 117.7
√ Since 2022, BRI has classified SOE and Corporate non-SOE into Corporate Segment 60
Page 61
MICRO DISBURSEMENTS MODERATING
Kupedes Continues to Become a Larger Portion of Micro
Kupedes Quarterly Disbursement (IDR Tn) Disbursement Composition by Product
70.0
120 .0%
60.0
59.3
100 .0%
50.3 7.9% 5.8% 4.9% 4.6% 5.5% 4.8%
46.7
50.0
45.3
80. 0%
25.4% 25.2%
40.0
37.9 46.4% 43.0%
56.1%
60. 0%
62.5%
30.0
28.4
22.7 22.7
20.8 40. 0%
19.0
20.0
16.7 16.2 66.8% 69.0%
14.8
13.3 52.2%
49.0%
20. 0%
39.0%
10.0
31.9%
0.0 %
-
2021 2022 2023 2024 2021 2022 2023 1Q24 1H23 1H24
Q1 Q2 Q3 Q4 KUR Kupedes Briguna
61
Page 62
LOAN DETAIL: MICRO LOANS
Use of Loan Business Sector
120.0%
120 .0%
100.0%
100 .0%
21.3% 19.5% 14.4% 20.6% 14.2%
15.3% 12.6% 12.2% 14.3% 12.0% 29.8% 27.0% 23.8%
27.1% 22.8% 18.9% 80.0%
8.7% 8.7%
7.6% 7.9% 8.6% 8.2%
7.3%
80. 0%
60.0%
7.4%
41.8% 41.5%
60. 0%
40.5% 39.6% 40.4% 40.0%
40.0%
41.9% 40.8%
56.0% 65.4% 74.6% 81.7% 86.3% 87.0% 83.9% 87.3% 7.7% 7.5%
40. 0%
8.0% 8.0% 7.5% 7.8%
20.0%
5.0% 7.2%
20.0% 23.2% 23.9% 27.5% 23.3% 28.0%
20. 0%
15.9% 17.7%
6.5% 3.0% 1.1% 0.9%
0.0%
16.9% 11.8% 1.8% 0.7%
0.0 % 2019 2020 2021 2022 2023 1Q24 1H23 1H24
2019 2020 2021 2022 2023 1Q24 1H23 1H24
Agribusiness Industry Manufacturing Trading, Hotel & Rest.
Investment Working Capital Consumptive Business Services Others
Collectability Restructuring Status
105.0%
120.0%
1.2% 0.8% 1.5% 1.7% 2.2%
100.0%
2.5% 2.7% 2.9% 3.3%
3.5% 2.5% 3.0% 4.0%
100.0%
95.0%
5.7% 6.2% 10.4% 6.9% 6.2% 8.2% 6.1%
7.1% 6.9% 25.6% 17.8%
90.0%
80.0%
85.0%
60.0%
80.0%
95.3% 96.7% 95.5% 94.3% 96.7% 93.1% 93.8% 91.8% 93.9%
75.0% 91.8% 90.2% 91.6% 90.2% 40.0%
82.2% 89.6%
74.4%
70.0%
20.0%
65.0%
60.0%
0.0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 62
Page 63
LOAN DETAIL: CONSUMER LOANS
Product Breakdown (IDR Tn) % Product Composition
250 .0
Growth YoY 120.0%
12.1%
192.2 4.9% 4.6% 3.6% 4.1% 4.4% 4.5% 4.2% 4.5%
100.0%
182.4 186.7 18.3%
171.5
200 .0
161.7 8.1 8.3 8.6 23.0% 24.9% 26.2% 27.2% 28.2% 28.4% 27.9% 28.7%
149.4
80.0%
140.5 143.7 7.3 15.0%
6.6 53.1 55.1
150 .0
6.6 5.4 51.5 47.9
6.9 44.0 60.0%
32.3 35.7 39.1
100 .0
40.0%
72.1% 70.5% 70.2% 68.7% 67.3% 67.1% 67.8% 66.9%
122.8 125.3 116.3 128.5 10.5%
50.0
101.3 101.3 104.8 111.1 20.0%
0.0%
-
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Salary-Based Mortgage Credit Card & Others Salary-Based Mortgage Credit Card & Others
Collectability Restructuring Status
110.0%
105.0%
1.1% 2.4%
3.0% 2.7%
100.0%
1.1% 1.5% 8.3% 7.0% 5.3% 4.4%
100.0%
1.8% 1.8% 2.0% 2.2% 2.0% 2.1% 90.0%
2.5% 2.7% 2.2% 2.8% 2.8% 2.9% 3.1% 2.8%
95.0%
80.0%
70.0%
98.9% 94.7% 97.0% 97.3% 95.6% 97.6%
90.0%
91.7% 93.0%
96.4% 95.8% 96.0% 95.4% 95.2% 94.9% 94.9% 95.1% 60.0%
85.0%
50.0%
40.0%
80.0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 63
Page 64
LOAN DETAIL: SMALL LOANS
Business Sector Use of Loan
120.0%
120 .0%
100.0%
10.8% 8.4% 7.8% 7.9% 8.7% 8.6% 8.0% 8.9% 100 .0%
6.2% 6.2% 6.3% 7.1% 7.0% 7.2% 7.4% 7.2%
80.0%
80. 0%
60.0%
86.1% 85.4% 85.4% 85.8% 85.4%
60. 0%
67.9% 69.0% 71.5% 69.3% 67.0% 66.6% 68.0% 66.0% 86.9% 86.5% 86.5%
40.0%
40. 0%
20.0% 20. 0%
8.5% 8.6% 5.7% 6.1% 6.5% 6.6% 6.4% 6.6%
7.8% 8.7% 9.6% 10.8% 11.0% 10.2% 11.3% 13.1% 13.5% 13.5% 13.9% 14.6% 14.6% 14.2% 14.6%
0.0%
6.5% 0.0 %
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Agribusiness Industry Manufacturing Trading, Hotel & Rest. Investment Working Capital
Business Services Others
Collectability Restructuring Status
120.0%
105.0%
100.0%
3.2% 3.6% 4.0% 4.3% 4.88% 5.44% 4.29% 5.05%
100.0%
10.7% 14.2% 13.2% 18.4% 12.4%
95.0%
4.6% 3.2% 3.4% 4.3% 23.2%
5.15% 6.26% 6.30% 5.98% 80.0%
36.9%
90.0%
46.1%
85.0%
60.0%
80.0%
92.2% 93.2% 92.5% 89.3% 85.8% 86.8% 81.6% 87.6%
75.0%
91.4% 90.0% 88.3% 89.4% 89.0%
40.0%
76.8%
63.1%
70.0%
20.0%
53.9%
65.0%
0.0%
60.0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 64
Page 65
LOAN DETAIL: MEDIUM LOANS
Business Sector
120.0%
Use of Loan
120 .0%
100.0%
6.0% 5.5% 5.5% 5.8% 6.5% 6.6% 6.8% 7.3%
5.5% 5.6% 5.9% 6.3% 6.1% 5.8% 7.8% 6.1%
80.0%
7.5% 7.0% 6.9% 6.6% 5.0% 5.1% 5.9% 5.2% 100 .0%
31.1% 34.2% 33.6% 38.0% 40.9% 40.9%
80. 0%
60.0%
37.7% 40.9%
63.6% 66.0% 70.1% 69.7%
60. 0% 74.3% 74.1% 73.7% 74.7%
40.0%
19.8% 16.3% 16.1%
15.0% 14.7% 14.8% 15.6% 13.8% 40. 0%
15.0% 16.7% 17.4% 16.0%
20.0%
15.3% 15.9% 16.5% 15.6%
15.2% 14.8% 14.6% 12.3% 11.6% 11.0% 9.8% 11.0%
20. 0%
36.4% 34.0%
0.0%
29.9% 30.3% 25.7% 25.9% 26.3% 25.3%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 0.0 %
Agribusiness Industry Manufacturing Construction 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Trading, Hotel & Rest. Distribution & Warehouse Business Services Investment Working Capital
Others
Collectability Restructuring Status
120.0%
105.0%
100.0%
100.0%
1.75% 9.2% 8.2% 7.8% 11.6% 5.9%
3.6% 2.3% 2.56% 2.21% 2.70% 18.6%
5.4% 4.6% 2.72% 32.2% 26.2%
2.5% 2.52% 2.75% 2.35% 80.0%
95.0%
3.1% 3.1%
3.0%
60.0%
90.0%
90.8% 91.8% 92.2% 88.4% 94.1%
85.0%
95.2% 94.9% 95.0% 94.9% 95.5% 40.0%
73.8% 81.4%
91.6% 92.3% 93.4% 67.8%
20.0%
80.0%
75.0% 0.0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 65
Page 66
LOAN DETAIL: CORPORATE
Business Sector Use of Loan
120.0%
120 .0%
100.0%
7.7% 7.8% 16.1% 15.6% 15.0%
6.1% 5.6% 17.5% 20.8% 20.5% 100 .0%
80.0%
10.2% 8.9% 7.5% 6.5% 8.3% 7.4%
11.4% 8.0% 11.2% 11.7% 28.9% 28.6%
12.7% 18.5% 12.4% 10.3% 41.7% 43.3% 40.3% 39.3%
9.9% 44.5% 41.9%
80. 0%
60.0%
15.5% 9.4%
19.5% 19.2% 13.9% 14.9%
24.4% 14.3%
26.7% 60. 0%
40.0%
5.7% 21.9% 21.8% 24.6%
5.5% 26.0% 26.3% 20.7%
40. 0%
20.0%
6.9% 13.5% 12.1% 12.2% 10.9% 71.1% 71.4%
33.2% 27.1% 3.7% 58.3% 56.7% 59.7% 60.7%
14.9% 14.1% 14.6% 12.4% 14.0% 12.6% 20. 0%
55.5% 58.1%
0.0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 0.0 %
Agribusiness Mining Industry Manufacturing 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Electricity, Gas & Water Construction Trading, Hotel & Rest.
Others Investment Working Capital
Collectability Restructuring Status
105.0%
120.0%
100.0%
5.2% 4.7% 3.9% 3.3% 4.8% 3.1%
7.6% 6.7% 100.0%
4.2% 4.1% 10.3% 11.5% 18.3% 10.3%
21.8% 25.3% 21.4% 13.4%
95.0%
4.3% 4.7%
5.0% 2.8% 6.0%
90.0%
6.9% 80.0%
85.0%
60.0%
80.0%
92.5% 92.8% 89.7% 88.5% 81.7% 89.7%
75.0%
89.8% 89.6%
86.4%
91.0% 91.5% 89.2% 40.0%
78.2% 74.7% 78.6% 86.6%
20.0%
70.0%
65.0%
0.0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24 2019 2020 2021 2022 2023 1Q24 1H23 1H24
Current SML NPL Non Restructured Restructured
Note: All numbers are bank only, unless stated as consolidated 66
Page 67
INCOME STATEMENT – BANK ONLY
Profitability From Business Operation Efficiency and Moderated Credit Cost
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 2023 2022 2021
Interest Income 39,842 41,184 35,741 -3.3% 11.5% 146,918 123,835 119,828
Interest from Loans 34,891 35,185 31,410 -0.8% 11.1% 128,394 107,535 104,883
Int. from Other Earning Assets 4,950 5,998 4,331 -17.5% 14.3% 18,524 16,300 14,945
Interest Expense (13,164) (12,773) (8,966) 3.1% 46.8% (38,484) (22,830) (24,008)
Net Interest Income 26,678 28,411 26,776 -6.1% -0.4% 108,434 101,005 95,819
Fee & Other Opr. Income 14,666 11,695 10,848 25.4% 35.2% 42,728 38,320 32,401
Gross Operating Income 41,344 40,106 37,624 3.1% 9.9% 151,162 139,325 128,220
Operating Expenses (16,080) (13,365) (14,402) 20.3% 11.6% (57,046) (56,618) (54,778)
Pre Provision Operating Profit 25,264 26,741 23,222 -5.5% 8.8% 94,116 82,706 73,442
Provision Expenses (6,915) (9,498) (7,617) -27.2% -9.2% (26,520) (23,564) (34,018)
Non Operating Income (Net) 3 (113) (95) -102.3% -102.7% (524) 277 (203)
Profit Before Tax n Minor. Int. 18,352 17,130 15,510 7.1% 18.3% 67,072 59,419 39,221
Tax Expense (3,904) (3,330) (3,040) 17.2% 28.4% (13,919) (11,591) (7,005)
Net Profit 14,448 13,799 12,470 4.7% 15.9% 53,153 47,828 32,215
Note: all numbers are bank only, unless stated as consolidated 67
Page 68
OTHER OPERATING INCOME & OPERATING EXPENSES – BANK ONLY
Positive Other Operating Income Growth with Manageable Operating Expenses
Other Operating Income
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 2023 2022 2021
Fees and Commissions 5,666 5,306 5,084 6.8% 11.4% 20,292 18,470 16,548
Recovery of Written-Off Assets 5,431 4,159 3,645 30.6% 49.0% 16,275 11,857 8,918
Gain on Sale of Securities - Net 485 370 527 31.2% -7.9% 1,793 1,431 3,190
Gain on Foreign Exchange - Net 195 220 22 -11.4% 770.5% 429 993 1,736
Unrealized Gain on Changes in Fair Value of Securities 36 134 15 -73.0% 140.1% 89 50 -
Others 2,853 1,506 1,555 89.5% 83.5% 3,850 5,520 2,008
Total Other Operating Income 14,666 11,695 10,848 25.4% 35.2% 42,728 38,320 32,401
Operating Expenses
(IDR Bn)
Items 2Q24 1Q24 2Q23 g QoQ g YoY 2023 2022 2021
Personnel 8,152 6,836 5,919 19.2% 37.7% 26,519 29,316 29,961
General and Administration 5,258 5,086 5,069 3.4% 3.7% 21,020 19,039 17,693
Losses from sale of Securities and Govt. Bonds - - - - - - - 34
Promotion 490 458 576 6.9% -14.9% 2,590 2,411 2,005
Others 2,180 984 2,838 121.6% -23.2% 6,917 5,852 5,085
Total Operating Expenses 16,080 13,365 14,402 20.3% 11.6% 57,046 56,618 54,778
Note: all numbers are bank only, unless stated as consolidated 68
Page 69
1H24
BANK ONLY LOAN QUALITY
69
Page 70
LOAN QUALITY – BANK ONLY
Classified Loan, Write Off, and Recovery
Non-Performing Loan – by Segment NPL Coverage (IDR Tn)
120 .0 350 .0%
NPL 1H24 1H23 1Q24 2023 2022 2021 2020 2019 278.1% 291.5% 300 .0%
248.0%
100 .0
236.47%
Micro 2.95% 2.23% 2.69% 2.47% 1.74% 1.49% 0.83% 1.18% 80.0
215.27% 202.82%
200.52%
250 .0%
166.6% 200 .0%
Consumer 2.13% 2.02% 2.20% 1.97% 1.83% 1.78% 1.49% 1.10% 60.0
150 .0%
Small 5.05% 4.29% 5.44% 4.88% 4.30% 4.05% 3.61% 3.17% 40.0
80.9 84.6 77.0 78.3 79.9 77.7
64.1
100 .0%
Medium 1.75% 2.70% 2.21% 2.56% 2.26% 3.57% 4.61% 5.38% 20.0
37.5 35.8 38.6 33.8 38.7
29.1 29.0
50. 0%
22.5 25.9
Corporate 3.07% 4.83% 3.33% 3.86% 4.68% 6.68% 7.57% 5.18% - 0.0 %
2019 2020 2021 2022 2023 1Q24 1H23 1H24
Total NPL 3.21% 3.10% 3.27% 3.12% 2.82% 3.08% 2.94% 2.62%
Provision NPL NPL Coverage
Special Mention – by Segment Write Off & Recovery (IDR Tn)
SML 1H24 1H23 1Q24 2023 2022 2021 2020 2019
45.0
60.94% 59.12% 70. 00%
Micro 6.87% 6.17% 7.11% 5.72% 3.95% 3.03% 2.47% 3.51% 52.43%
40.0
49.43%
60. 00%
35.0
49.18%
41.10% 43.33%
40.04%
50. 00%
Consumer 2.77% 3.08% 2.89% 2.84% 2.76% 2.20% 2.69% 2.52% 30.0
40. 00%
25.0
Small 5.98% 6.30% 6.26% 5.15% 4.30% 3.42% 3.19% 4.63% 20.0
30. 00%
15.0
33.1
20. 00%
Medium 2.72% 2.35% 2.75% 2.52% 2.55% 3.08% 3.07% 2.97% 10.0
17.0 20.2 19.4
13.7 14.6 16.3 16.4
5.0
7.0 7.2 8.9 11.9 9.6 4.2 6.6 9.6
10. 00%
Corporate 4.11% 5.98% 4.18% 4.67% 4.32% 6.94% 2.85% 5.04% - 0.0 0%
2019 2020 2021 2022 2023 1Q24 1H23 1H24
Total SML 5.35% 5.58% 5.58% 4.87% 3.87% 3.70% 2.75% 3.93%
Write Off Recovery Income Recovery Rate
Note: All numbers are bank only, unless stated as consolidated 70
Page 71
LOAN DETAIL: QUARTERLY DOWNGRADE TO NPL
Loan Highlights 100.0%
Medium USD
Consumptive
Others
90.0%
• Total downgrade from 1Q24 to 1H24 was Rp12.0 Tn with detail as
Business
follows: Small Services
80.0% Working
Capital
• The downgrade was all from MSME Segment, which was
mostly driven by Micro of 60.1% and Small of 31.1% 70.0%
• The downgrade was primarily from Trading, Restaurant, and Consumer
60.0% Trading,
Hotel (52.6%) and Agribusiness (19.0%) Restaurant,
and Hotel IDR
• 66.3% was investment loan while the rest were from working 50.0%
capital loan of 25.5% and consumptive loan of 8.2%
40.0%
• 99.9% was IDR loan
Micro Investment
30.0%
Manufacturing
20.0%
10.0% Agribusiness
0.0%
Segment Business Sector Use of Loan Currency
Note: All numbers are bank only, unless stated as consolidated 71
Page 72
LOAN DETAIL: QUARTERLY DOWNGRADE TO STAGE 2
Loan Highlights USD
100.0%
Corporate Consumptive
Medium Others
• Total downgrade from Stage 1 in 1Q24 to Stage 2 in 1H24 was 90.0%
Business Working
Rp16.9 Tn with detail as follows: Small
80.0%
Services Capital
• The downgrade was mostly from MSME Segment, driven by
Micro of 61.4% and Small of 26.2% 70.0%
Consumer
• The downgrade was primarily from Trading, Restaurant, and
60.0% Trading,
Hotel (52.5%) and Agribusiness Sector (19.5%) Restaurant, IDR
50.0% and Hotel
• 71.7% was investment loan while the rest were from working
capital loan of 21.0% and consumptive loan of 7.2% 40.0%
Investment
• 99.2% was IDR loan
30.0% Micro
Manufacturing
20.0%
10.0% Agribusiness
0.0%
Segment Business Sector Use of Loan Currency
Note: All numbers are bank only, unless stated as consolidated 72
Page 73
QUARTERLY NPL FORMATION
Micro (IDR Bn) Medium (IDR Bn)
Micro 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Medium 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
NPL Begin 7,816 10,206 10,482 11,571 12,241 13,492 NPL Begin 473 493 755 666 826 756
Net DG to NPL 3,829 6,450 4,393 5,746 7,250 5,956 Net DG to NPL 173 466 374 177 33 257
Write Off 1,439 6,175 3,304 5,075 5,998 4,833 Write Off 152 204 463 17 103 380
NPL ending 10,206 10,482 11,571 12,241 13,492 14,615 NPL ending 493 755 666 826 756 633
NPL formation % 5.14% 7.88% 6.05% 7.35% 8.29% 7.49% NPL formation % 5.23% 9.69% 8.61% 4.99% 2.89% 5.21%
NPL % 2.24% 2.23% 2.41% 2.47% 2.69% 2.95% NPL % 2.06% 2.70% 2.16% 2.56% 2.21% 1.75%
Consumer (IDR Bn) Corporate (IDR Bn)
Consumer 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Corporate 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
NPL Begin 2,956 3,367 3,461 3,735 3,599 4,112 NPL Begin 8,451 8,229 9,460 10,319 7,988 7,614
Net DG to NPL 842 943 1,135 813 1,052 680 Net DG to NPL -222 1,818 1,086 -2,331 130 129
Write Off 431 849 862 949 540 690 Write Off - 587 227 - 504 -
NPL ending 3,367 3,461 3,735 3,599 4,112 4,103 NPL ending 8,229 9,460 10,319 7,988 7,614 7,743
NPL formation % 3.83% 4.27% 4.70% 4.04% 4.22% 3.64% NPL formation % 4.21% 8.24% 7.01% 0.49% 3.88% 3.50%
NPL % 2.01% 2.02% 2.10% 1.97% 2.20% 2.13% NPL % 4.19% 4.83% 4.66% 3.86% 3.33% 3.07%
Small (IDR Bn) All Segments (IDR Bn)
Small 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 All Segments 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
NPL Begin 9,316 9,832 9,648 10,366 11,120 12,611 NPL Begin 29,012 32,127 33,806 36,656 35,773 38,585
Net DG to NPL 2,899 3,977 3,952 3,332 3,946 2,935 Net DG to NPL 7,520 13,655 10,940 7,737 12,411 9,957
Write Off 2,383 4,161 3,233 2,578 2,455 3,902 Write Off 4,405 11,976 8,090 8,620 9,599 9,804
NPL ending 9,832 9,648 10,366 11,120 12,611 11,643 NPL ending 32,127 33,806 36,656 35,773 38,585 38,737
NPL formation % 9.58% 11.66% 11.44% 10.58% 11.69% 10.56% NPL formation % 5.71% 8.20% 7.19% 6.16% 7.33% 6.63%
NPL % 4.45% 4.29% 4.58% 4.88% 5.44% 5.05% NPL % 3.02% 3.10% 3.23% 3.12% 3.27% 3.21%
Note: All numbers are bank only, unless stated as consolidated.
NPL Formation formula is based on internal calculation 73
Page 74
WRITE OFF AND RECOVERY PER SEGMENT
Write Off (IDR Tn) Recovery Income (IDR Tn)
1H23 1H24
35.0
33.1 18.0
16.3
16.0
6.6 9.6
0.8
0.8 14.0
11.9 0.2 0.1
6.2
9.6
12.0
30.0
10.0
8.9 0.1 0.1
7.2 4.8 6.6
3.5
8.0
3.1 2.7 3.5
12.4
6.0
2.4 4.2
2.7
25.0
8.7
0.4 0.5
4.0
6.0 1.6 5.4
2.0
3.9 4.6 3.2
20.2 2.3
19.4 -
3.2 5.4
2020 2021 2022 2023 1Q24 1H23 1H24
20.0
1.5 0.5
0.6 3.1 16.4 0.5 Micro Consumer Small Medium Corporate
14.6 0.6
15.0
13.7 0.4 6.4 Recovery Rate
1.3 8.3
1.3
0.5 6.5
1.1 1.2
9.6
10.0
5.6 2020 2021 2022 2023 1Q24 1H23 1H24
4.6 0.5
2.1 0.1 1.3
16.0 2.5 Micro 72.8% 77.6% 78.6% 54.6% 38.3% 41.8% 50.1%
1.5 0.5
1.2 10.8
5.0
Consumer 33.8% 39.7% 37.6% 27.3% 37.9% 31.0% 38.9%
7.6 7.6
5.4 5.9 6.0 Small 52.6% 56.1% 57.9% 50.1% 63.4% 41.4% 54.9%
-
Medium 27.6% 107.6% 29.0% 28.4% 53.7% 28.8% 24.8%
2020 2021 2022 2023 1Q24 1H23 1H24
Corporate 6.2% 12.7% 9.5% 32.7% 9.2% 27.8% 15.4%
Micro Consumer Small Medium Corporate
Total 52.4% 60.9% 59.1% 49.2% 43.3% 40.0% 49.4%
Note: All numbers are bank only, unless stated as consolidated 74
Page 75
LOAN QUALITY – BANK ONLY
Loan at Risk Continues to Decline Coupled with More Adequate Provisioning
Loan at Risk (% to Total Loan) Total Restructured Loans (% to Total Loan)
35.00%
30.00%
27.16% 26.19%
29.77%
30.00%
28.26%
24.11%
25.00%
21.77%
25.00%
20.00%
20.00% 17.11% 14.35%
22.07% 21.19% 22.07% 21.19%
12.54% 12.74%
15.00%
15.00% 16.63% 12.11% 16.63%
8.94% 8.07%
10.41% 7.59%
10.00%
4.75% 3.51% 2.64%
10.00%
10.41%
5.00%
4.75% 3.51% 2.64%
5.00%
7.69% 7.07% 7.48% 7.79% 9.23% 9.48%
6.70% 5.09% 4.99% 5.14% 3.94% 4.19% 4.56% 4.95%
0.00%
0.00%
9M20 2020 2021 2022 2023 1Q24 1H24 9M20 2020 2021 2022 2023 1Q24 1H24
LAR Non Covid-19 Restru Covid-19 Total LAR Restru Non Covid-19 Restru Covid-19 Total Restru
LAR & LAR Coverage (Inc. Covid-19) Total Restructured Loans by Collectability
120.00%
60.00%
53.59% 51.99% 53.12%
48.00% 100.00%
7.03% 7.63%
50.00%
9.42% 11.36% 19.18% 19.33% 18.68%
13.77% 6.17% 10.98%
40.00%
35.56% 80.00%
16.04%
29.77% 28.26% 29.95% 32.47% 34.45%
60.00%
30.00%
40.00%
79.20% 86.20% 79.60%
20.00%
72.60%
25.77% 24.11%
21.84% 50.87% 48.19% 46.87%
17.11%
20.00%
10.00%
12.54% 12.74% 12.11%
0.00% 0.00%
9M20 2020 2021 2022 2023 1Q24 1H24 9M20 2020 2021 2022 2023 1Q24 1H24
LAR LAR Coverage Current SML NPL
75
Page 76
OTHERS
76
Page 77
WELL MANAGED PEAK TO TROUGH ASSET QUALITY
Food Inflation vs Asset Quality vs Credit Cost
20.0% 8.0%
7.49%
18.0%
7.31% 7.0%
16.0%
6.0%
14.0%
5.0%
12.0%
3.82%
10.0% 4.0%
8.0% 3.49%
3.0%
6.0%
2.0%
4.0%
1.0%
2.0%
0.0% 0.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1Q24 1H24
Food Inflation lagged T-1 Credit Cost BRI Micro NPL + Write Off
Note: all numbers are bank only, unless stated as consolidated 77
Page 78
MORE INSULATED FROM RECENT GLOBAL EVENTS
Liquidity & Capital Management Remain Conservative
LCR & NSFR Bond Classification (IDR Tn, % Composition)
300 .0%
400 .0 372.0 370.6
331.1 347.1
327.6 5.1% 330.3
350 .0
8.3%
8.4% 6.4% 6.8% 10.1%
300 .0
241.0%
250 .0
195.8 54.2% 53.0%
250 .0%
45.7% 49.3% 49.4%
227.1% 228.5% 200 .0
57.9%
9.0%
150 .0
63.4%
199.4%
100 .0
40.7% 48.0% 43.9% 38.7% 40.6%
200 .0%
50.0
33.7%
27.6%
-
168.1%
162.5% 2019 2020 2021 2022 2023 1Q24 1H24
151.9%
150 .0%
HTM AFS Trading
149.3%
136.8%
142.3% Non-Loan Earning Assets/ Total Earning Assets
135.9% 135.2% 131.8% 130.3%
34.4%
3,50 0 40. 0%
100 .0%
32.5% 31.6%
30.3% 29.3%
35. 0%
28.6%
3,00 0
26.9% 30. 0%
2,50 0
100%
1,791 1,832.3 1,828.2 25. 0%
LCR & NSFR
2,00 0
1,589 1,666
1,512 20. 0%
50. 0%
Minimum regulatory 1,50 0 1,298
15. 0%
requirement 1,00 0
492 546 527 525 524 491
10. 0%
500
394
5.0 %
- 0.0 %
0.0 %
2019 2020 2021 2022 2023 1Q24 1H24
2019 2020 2021 2022 2023 1Q24 1H24
Non-Loan Earning Asset (IDR Tn) Earning Asset (IDR Tn)
LCR NSFR % Non Loan to EA
78
Page 79
DIGITALIZATION SUPPORTING CASA
CASA vs Cost of Fund Source of CASA Growth
MERCHANT
68.00%
66.92%
5.00%
# Merchant EDC (in thou) Sales Volume/ Merchant (IDR Mn) % Merchant EDC Market Share
700
620.7 636.0 650.1 30.0%
64.55% 391.5
66.00%
450
4.00%
400
354.8 600
25.0%
3.58% 3.54% 3.57% 350
17.8% 18.2%
282.0
500
363.2 387.4 14.8%
20.0%
64.00%
3.22%
300
238.1 400 13.9%
250
9.8%
15.0%
2.89% 200
172.3 300
63.30%
10.0%
150
3.00% 200
62.00%
61.00% 63.43% 100
5.0%
100
50
61.86% 0
0 0.0%
59.01%
60.00%
2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24
2.00%
2.05% 1.87%
58.00% BRIMO
1.00%
56.00%
Generated Fee Income (IDR Bn) BRIMO Penetration Rate
1,40 0.0
45.0%
42.8%
54.00% 0.00%
1,35 0.0
43.0% 40.8%
2019 2020 2021 2022 2023 1Q24 1H24 41.0% 38.7%
1,30 0.0 39.0% 36.6%
1,452.5 37.0% 34.7%
CASA % COF 1,25 0.0
35.0%
32.4%
1,20 0.0
33.0%
30.4%
31.0%
1,15 0.0
1,232.5 29.0%
27.0%
1,10 0.0 25.0%
1H23 1H24 2022 1Q23 1H23 9M23 2023 1Q24 1H24
BRIMO penetration rate used total customers of 82.2 Million as of 1Q24
Note: All numbers are bank only, unless stated as consolidated 79
Page 80
LATEST REGULATIONS
KUR Regulation Consumers’ Protection Regulation
Ref. Coordinating Ministry of Economy Policy No. 1 dated 2023 On January 25th, 2023 Ref. Financial Service Authority Policy POJK No. 22/2023
1. Borrowers must have never had a commercial loan The Financial Service Authority (FSA) has released new regulation in relation to Consumer
2. Restrictions on receiving KUR: and Community Protection in Financial Services Sector to improve consumers’ trust toward
financial services, as well as to provide development opportunities in a fair, efficient, and
a) Priority Sectors (Agribusiness, Livestock, Fishery, and Plantation): transparent manner. This includes, among others:
• KUR terms of max 4x (KUR facility is renewable up to 3x); or 1. Adjustment on the definition of Financial Services Business Players (FSBP) and
• Micro/ Small KUR: Max loan ceiling accumulation of Rp400 Mn/ Rp500 customer protection principles;
Mn, respectively 2. Prohibition of getting services from parties who do not have legal permission from
b) Other Sectors: FSA or competent authority;
• KUR terms of max 2x (KUR facility is renewable once); or 3. Rights and obligations of potential consumers, consumers, and FSBP as well as
• Micro/ Small KUR: Max loan ceiling accumulation of Rp200 Mn/ Rp500 prohibitions for FSBP;
Mn, respectively 4. Inclusions of costs and commissions to marketing agents/ intermediaries;
3. Lending rate charged to borrowers: 5. Mechanism for collection and collateral withdrawal by FSBP for loan & financing
product and services, as stipulated on Article 62 Paragraph (2) concerning FSBP is
a) KUR Super Micro: 3%
obliged to ensure collection is done :
b) KUR Small and Micro: Step-up lending rate a. Not to use threats or violence and/or humiliating actions
• Initial financing: 6% b. Not to use physical or verbal pressure
• 1st refinancing: 7% c. Not to parties other than customers
• 2nd refinancing: 8% d. Not continuously in abusive manner
• 3rd refinancing: 9% e. At the customer’s billing address or domicile
f. Only from Monday to Saturday (excluding National Holidays) from 08.00 –
20.00 local time
Changes to RRR Incentives g. In accordance with the provisions of statutory regulations;
6. Adjustment on complaint service period;
Ref. Bank Indonesia Regulation (PADG) No. 4, 2024
7. Data protection and information system security;
Bank Indonesia provided additional RRR incentives of 100bps, increasing the total 8. Market conduct;
limit of RRR incentives from 300bps to 400bps through addition of maximum RRR 9. Strengthening regulations for the provision, delivery of information and marketing of
incentives for Banks which provide financing to certain sectors insurance products linked to investment
10. Submission of objections to administrative sanctions issued by FSA for FSBP;
11. Strengthening the authority of FSA in carrying out civil lawsuits.
80
Page 81
BRI NETWORKS
The Most Extensive Network Across Indonesia
Branchless Network 2019 2020 2021 2022 2023 1Q24 1H24 YtD ∆
Net Profit per Outlet (IDR Bn)
BRILink Agents 422,160 504,233 503,151 627,012 740,818 796,836 993,677 252,859
Office Type 2019 2020 2021 2022 2023 1Q24 1H24 YtD ∆ 7.1 7.3
6.9
Head Office 1 1 1 1 1 1 1 - 5.8
Regional Office 19 19 18 18 18 18 18 -
Branch Office & Special Branch 3.7 3.7
462 462 451 449 453 453 453 -
Office
Branch Overseas Office 5 5 6 6 6 6 6 - 2.0
Sub-Branch Office 608 608 588 579 556 556 556 -
Sub-Branch Overseas Office 3 3 3 3 3 3 3 -
BRI Units 5,382 5,382 5,222 5,156 5,117 5,117 5,116 -1 2019 2020 2021 2022 2023 1Q24 1H24
Cash Office 568 547 525 506 505 505 506 1
BRI Terrace 2,049 1,867 1,697 1,370 977 977 969 -8
Mobile BRI Terrace 133 132 132 117 115 115 74 -41 Outlets vs E-Channel Trx Composition
Ship BRI Terrace 4 4 4 4 4 4 4 - 101.0%
Total 9,234 9,030 8,647 8,209 7,755 7,755 7,706 - 49 100.0%
1.6% 1.4% 1.0% 1.1%
2.6%
99.0%
98.0%
E-Channel Type 2019 2020 2021 2022 2023 1Q24 1H24 YtD ∆ 97.0%
5.7%
96.0%
ATM 19,184 16,880 14,463 13,863 12,263 12,252 12,243 -20 98.6% 99.0% 98.9%
98.4%
95.0%
97.4%
EDC** 204,386 198,785 203,027 497,976 664,801 687,789 722,001 57,200
94.0%
93.0%
94.3%
CRM 3,809 5,809 7,407 8,007 9,007 9,007 9,007 - 92.0%
91.0%
e-Buzz 57 57 57 57 57 57 57 - 2020 2021 2022 2023 1Q24 1H24
Total 227,436 221,531 224,954 519,903 686,128 709,105 743,308 57,180 E-Channel Outlet
*In accordance with POJK No. 12/POJK.03/2021 concerning Commercial Banks, there are adjustments for the types of BRI Unit
Offices, Teras BRI and BRI Cash Offices which are included in the category of Sub-Branch Offices. Here, the data is still E-Channel transaction includes: ATM, CDM, BRIlinks,
separated. BRIMO, and Internet Banking.
** Since 2022, number of EDC includes government program, managed service, and partnership EDC
81
Page 82
BRI CREDIT RATINGS
Fitch Rating 2024 Moody's 2024
Long Term Rating BBB Counterparty Risk Rating Baa1/P-2
Short Term Rating F2 Bank Deposits Baa2/P-2
Viability Rating bbb- Baseline Credit Assessment baa2
Government Support Rating bbb Adjusted Baseline Credit Assessment baa2
National Long-Term Rating AAA Counterparty Risk Assessment Baa1(cr)/P-2(cr)
National Short-Term Rating F1+ Outlook Stable
Sovereign Risk BBB
Outlook Stable
S&P Global Rating 2024 PEFINDO 2024
Issuer Credit Rating BBB/Stable/A-2 Final Rating (National Rating) idAAA, Stable Outlook
Stand-Alone Credit Profile bbb- Stand Alone Rating idAA+ (sa)
Outlook Stable
82
Page 83
Thank You
PT BANK RAKYAT INDONESIA (Persero) Tbk.
Investor Relations
7th floor BRI II Building
Jl. Jenderal Sudirman No. 44-46 Jakarta 10210
Indonesia
Phone : 62 21 5752006/09, 5751952/79
Website : www.ir-bri.com
Email : ir@bri.co.id
83
Names mentioned 11 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Only Micro
p.7
unresolved
org
PT. PERMODALAN NASIONAL MADANI Leading Women’s Group Lender
p.36
unresolved
org
PT. PEGADAIAN Market Leader
p.37
unresolved
org
Ministry of Coorperatives and SMEs’s
p.53
unresolved
org
Financial Services Authority
p.56
unresolved
org
Ministry of Economy Policy
p.80
unresolved
org
Bank Indonesia
p.80 ×2
unresolved
org
Bank Indonesia Regulation
p.80
unresolved
org
Bank Deposits
p.82
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