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Corporate Presentation
1H-2024
Jakarta, 22 August 2024
PT BANK NEGARA INDONESIA (PERSERO) TBK.
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Table of Contents
◎ Management Highlights 03
◎ Macroeconomics Highlight 11
◎ Financial Performance 16
Highlighted Results 17
Loan Composition 19
Loan Disbursement 2Q-2024 20
Profit or Loss 21
Fee Based Income (FBI) 22
Operating Expense (OPEX) 23
Balance Sheet Highlight 24
Third Party Fund 25
Liquidity (LCR, NSFR & LDR Ratios) 26
◎ Asset Quality 27
Loan at Risk 28
LAR by Segment, Write Off & Recovery 29
NPL & Write off Vintage 30
Sufficient Provisioning in line with risk appetite 31
LAR, NPL & Provision Coverage trend 32
◎ Digital Initiatives 33
◎ Business & Consumer Banking 40
◎ ESG 43
◎ About BNI 54
◎ 5 Years Financial Data 66
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Management Highlight
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Management Financial Digital
01 02 03 Asset Quality 04 05 ESG
Highlight highlight Initiatives
1H2024 Management Highlight
Introducing: wondr by BNI (a new breed of banking services)
“It will be hyper-personalized.”
“It gives suggestions and advice for
future planning.”
“It is not only about transaction but also
Completely new and growth.”
built with state of
the art platform
2024 - onwards
Different and new well-developed
2021 - 2023 platform, safer and faster & more reliable
2019 - 2021 Fresh look with more features:
2016 -2019 New user interface with cardless withdrawal,
Basic banking additional features: account opening with face
features with Batik biometric log in, e-wallet top recognition, personalized
Download* Ratings* Download* Ratings*
inspired look up, credit card and menu and profile 42% 4,7 /5,0
58% 4,7 /5,0
investment
*a month since launched
wondrful achievements unlocked a month since launched…
1,2 Mio ++ 65% active rate 2x higher
Registered Users Vs 30% BNI Mobile of transaction frequency of
Banking wondr users vs BNI Mobile
PT Bank Negara Indonesia (Persero) Tbk. Banking Page 04
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Management Financial Digital
01 02 03 Asset Quality 04 05 ESG
Highlight highlight Initiatives
1H2024 Management Highlight
Leveraging on rapid IT development to meet customers’ needs
Unique positioning with 3 Financial Dimension This is just the beginning..
targeting new higher level segment Business goals
Something exciting is coming up
INSIGHTS
Stronger growth of Savings
✓ Financial recap
✓ Income and expense monitoring More personalized Deposit leads to lower Cost of Fund.
✓ Spending habits review
More fee income generated
TRANSACTIONS More suitable for from financial transaction
your lifestyle done via wondr.
✓ Easy and comfortable financial
transactions
✓ Integrated Source of funds
✓ Top pick features customization
Lower CIR (Cost to Income
Ratio) from improved process in
Easier to manage how we serve customers.
GROWTH your financial
✓ Investment plan options goals
✓ Accessible and easier mutual fund
transactions
✓ Time Deposit account opening start
from IDR 1 million
PT Bank Negara Indonesia (Persero) Tbk. 05
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Management Financial Digital
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Highlight highlight Initiatives
1H2024 Management Highlight
Positive quarterly momentum driven by Loan growth and CoF
Loan (IDR Tn) CASA (IDR Tn) NIM & Cost of Third Party Fund (%)
727.0 4.78
695.1 695.2 577.5 4.49
4.36 4.58
671.4 4.01 4.04
650.8 4.02
650.8 543.5 545.7 2.76
532.3 532.3 2.79 2.72
2.54
512.9 2.25
94.0% 2.07 1.97
71.2%
90.1% 70.7%
89.0%
69.6% 69.7% 69.6%
85.2% 85.8% 85.2%
68.6%
Jun 23 Sep 23 Dec 23 Mar 24 Jun 23 Jun 24 Jun 23 Sep 23 Dec 23 Mar 24 Jun 23 Jun 24 2Q23 3Q23 4Q23 1Q24 2Q24 1H23 1H24
LDR Bank Only (%) CASA Ratio (%)
NIM (%) Cost of Fund (%)
NII, Fee Income & PPOP (IDR Tn) Loan at Risk (%) & Cost of Credit (%) Earning after tax (IDR Tn)
Consensus FY24 EAT Rp22.0 Tn
8.6 8.9 8.7 8.3 17.3 5.4 10.7
8.2 16.5
16.1 16.1 5.3 10.3
7.8
3.7 3.5 4.3 6.9 14.4 5.2
3.9 3.8
13.3
12.9
12.3 12.3
1.5 1.4 1.4 5.1
1.3
10.2 10.6 10.1 20.6 1.0 1.0 1.0
9.4 9.7
19.1
2Q23 3Q23 4Q23 1Q24 2Q24 1H23 1H24 2Q23 3Q23 4Q23 1Q24 2Q24 1H23 1H24 2Q23 4Q23 1Q24 2Q24 1H23 1H24
NII Fee Income Cost of Credit (%) LAR ratio (%)
PPOP
Pt Bank Negara Indonesia (Persero) Tbk.
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Management Financial Digital
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Highlight highlight Initiatives
1H2024 Management Highlight
Reinventing SME segment
We reduced loan expansion toward SME in order to focus on its quality Key strategic priorities to turbocharge BNI’s small segment
Implementation
Strategic Initiatives schedule
1 Improve risk management
and underwriting process
90.1 ▪ Extend coverage of credit done
(IDR tn) 80.0 scoring to:
4.5% (IDR tn) (Oct 2023)
16.9%
15.1% 4.2% 4.2% - up IDR 1 bn ticket size
3.8%
- IDR 1 - 5 bn ticket size (Feb 2024)
- Up to IDR 10 bn ticket size (Feb 2024)
Jun 23 Jun 24 Jun 23 Jun 24 Jun 23 Jun 24
Spc Mention (%) done
JUN 23 LaR (%) NPL (%) JUN 24 ▪ Centralize credit operations (3Q-2023)
▪ Develop Loan
Management System
4Q-2025
(LMS) for retail banking
12.0% of SME loan conservatively categorized as ▪ Change in organization
high risk with sufficient provision coverage structure to enhance risk done
unit independency & (Jul 2023)
45% of high-risk bucket 73% of high-risk bucket segregation of duties
is KUR which covered came from loan
On progress
IDR 80tn 12.0% with insurance origination before 2022
2
▪ Strengthening collection
Uplift RM productivity
Since 3Q-2024
SME loan of SME book 27%
Partly done
▪ Digitalize pipeline
as of Jun 24 categorized 45% management 1Q-2025
as high risk 55%
▪ KPIs sharpening with done
For downgrade to 73%
emphasis on quality (3Q-2024)
NPL growth
KUR SME non KUR Before 2022 2022 - 2024
PT Bank Negara Indonesia (Persero) Tbk.
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Management Financial Digital
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1H2024 Management Highlight
Consumer segment as second growth pillar after Corporates
Payroll Loan and Mortgage drove Consumer business Focusing mortgage expansion on Top Tier Developers
2020 - Jun’24 CAGR Loan Growth (%) Shifting into higher Driven by stellar growth Higher Top Tier Developers
15.7% customer segment in Top Tier Developers contribution to mortgage book
782 CAGR 2021 – 1H24
11.8% ▲8.5%
632
Top Tier
Developers 57.6%
9.0% 558 14.3%
Bankwide Loan 8.1% vs 5.8%
6.4% Non-Top Tier
5.6% 2022 2023 1H24 Developers 5.5% 2021 1H24
Avg Disbursement Ticket Size (IDR Mn)
Composition to total mortgage
Leveraging on wholesale banking relationship to grow
payroll-related business
Consumer Loan (All Payroll Loan Mortgage Credit Card Others
Products) Corporate & institution clients’ employees Ample room for higher Payroll Loan
dominate personal loans composition penetration rate
9.25%
24%
Respectable position in industry
market share
76% 8.27%
Mortgages Personal Loan Credit Card
Jun 23 Jun 24
8.4% 12.8% 14.7% Corporate & Institution Employee
Middle & Small Enterprise Employee
Number of Payroll Loan Acc to Payroll Acc (%)
TOP-3 TOP-4 TOP-3 In celebration of 78th anniversary,
BNI held the “Very First major expo” in 2024
Key Success Factors:
Cross-selling with Extensive IT &
Corporates segment Domestic Network digitalization
“reached 71,618 Customers &
Lifetime Banking
Strong brand equity 53,562 transactions in 3 days”
Partner Proposition
22 Top Developers 24 Automotive Brands 14 Travel agents 5 Airlines >70 Retailers
PT Bank Negara Indonesia (Persero) Tbk. 08
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Management Financial Digital
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1H2024 Management Highlight
Proactive measures amid early signs of liquidity easing
New RRR incentive (effective on June) provides Third Party Funds growth
Improved money supply growth (YoY %) liquidity relief, allowing for LDR optimization mainly came from Savings
3.1%
14.1 4.1% 4.0% 4.3%
2.2% 2.2%
11.5 13.3 1.8% 1.8% 1.8% 3.7%
92.1% 3.2%
2.3%
10.7 0.5%
9.1 0.4%
8.2 8.4 -0.1%
7.1 7.8 88.8%
7.2
6.2 6.1 87.9% 87.9% -1.7% -2.7%
87.7%
87.1%
3.5
-4.2%
1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
Jun-21
Sep-21
Sep-23
Aug-21
Jun-22
Sep-22
Jun-23
Aug-22
Aug-23
Jun-24
Jan-21
May-21
Oct-21
Nov-21
Feb-22
Nov-23
Feb-21
Dec-21
Jan-22
May-22
Oct-22
Nov-22
Jan-23
May-23
Oct-23
Jul-22
Feb-23
Jan-24
May-24
Mar-21
Apr-21
Jul-21
Apr-22
Dec-22
Mar-23
Apr-23
Jul-23
Dec-23
Feb-24
Mar-22
Mar-24
Apr-24
Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24
Third Party Fund (QoQ %) Saving Account (QoQ %)
MTD LDR* RRR Incentive %
M2 (YoY %) *Using daily average ratio in a given month *Calculation using average daily balance for a given quarter
SRBI rate and auction volume Followed by a deliberate move to shift the As a result, monthly COF
started to come down funding structure more towards retail began to trend down starting from June
7.50 7.45 Time Deposit Comp (%)
7.34
7.18 191 2.88%
167 2.79%
29.0% 2.72%
6.89 6.88 6.85 6.87 27.2%
2.62% 2.60%
96 98
57 49 72.8%
26 37 71.0%
Dec 23 Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24
Mar 24 Jun 24
SRBI monthly auctioned amount (IDR Tn) SRBI 1Y rate (%)
Institutional Funding Retail Funding 1Q24 2Q24 MtD May 24 MtD Jun 24 MtD Jul 24
*Starting August 2024, SRBI auction frequency will reduce to once a week from biweekly
PT Bank Negara Indonesia (Persero) Tbk.
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1H2024 Management Highlight
Our New Aspiration for 2024
FY24 Initial Aspiration 1H24 Realization FY24 New Aspiration
Loan
Growth 9.0 - 11.0% 11.7% 10.0 - 12.0%
(% YoY)
Net
Interest ≥4.5% 4.0% ≥ 4.0%
Margin
bank only
Credit
Cost <1.4% 1.0% ± 1.0%
bank only
PT Bank Negara Indonesia (Persero) Tbk.
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Macroeconomics Highlight
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1H2024 Macroeconomics Highlight
Indonesia’s economic growth is projected to remain stable at 5% this year
We forecast Indonesia’s GDP growth to remain flat at 5.0% in Public investment is expected to be one of the growth drivers
2024 due to larger fiscal capex allocation
GDP Growth (%) Wider fiscal deficit to Change in fiscal spending
4.88 5.03 5.07 5.17 5.02 5.31 5.05 5.00 allocation compared to initial
3.70 2.7% of GDP budget:
• Capex: +37%
• Non-energy subsidy: +25%
-2.07 Additional Spending • Material: +7%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024F
Rp87tn
GDP growth remained solid at 5.05% in 2Q24 and was supported by gross fixed capital formation, especially from public investment
01
PT Bank Negara Indonesia (Persero) Tbk. 12
Source: CEIC, BPS, MOF, BNI Chief Economist
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1H2024 Macroeconomics Highlight
Household consumption recovery has remained uneven
The middle-low class’ purchasing power has yet to fully recover, as reflected by the low consumption growth of F&B and apparel-footwear
54.4% of formal employees in Indonesia currently receive salaries below Inflation is projected at <3% in YE2024 as a consequence of lower-
the minimum wage than-expected core inflation amid modest demand
CPI Inflation (YoY%)
7.0 16
14
6.0
12
5.0 10
8
4.0
6
3.0 2.51 4
2
2.0
0
1.0
1.90 -2
Dec-23
Mar-18
Jun-18
Sep-18
Mar-19
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Dec-20
Mar-21
Jun-21
Sep-20
Sep-21
Dec-21
Mar-22
Jun-22
Sep-22
Dec-18
Dec-22
Mar-23
Jun-23
Sep-23
Mar-24
Jun-24
Headline Core Administered Price - RHS Volatile - RHS
01
PT Bank Negara Indonesia (Persero) Tbk. 13
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Source: CEIC, BPS, BNI Chief Economist
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1H2024 Macroeconomics Highlight
Manufacturing output weakened to <4%, partly due to slower growth
in labor-intensive subsectors
The subdued manufacturing growth was driven by low growth of labor On the flip side, capital-intensive and service-related sectors
intensive sub-sectors remained robust
Labor – Intensive Industries Growth (%YoY) Capital – Intensive Industries Growth (%YoY)
25
16 6
14 20
12 5 18.07
10 15
8 3.95 4 10.17
10
6
3 8.01
4
5 7.66
2 1.93 2
3.95
0 0.03 0
-2 -0.03 1
-4 -5
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
-6 0
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Accommodation and F&B Information & Communication
Textile & Wearing Apparel Leather & Footwear Chemicals, Pharmaceutical Basic Metals
Paper, Printing Manufacturing Industry Manufacturing Industry
01
PT Bank Negara Indonesia (Persero) Tbk. 14
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Source: CEIC, BPS, BNI Chief Economist
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1H2024 Macroeconomics Highlight
The recent US trend indicates that FFR rate cut is around the corner
US inflation has cooled, with PCE inflation at 2.5% YoY and CPI
Market now expects 100-125 bps FFR cut this year, starting in Sep-2024
inflation at 3% YoY by Jun-2024
Flattening UST yield curve will push BI to lower SRBI rate and eventually
BI Rate could be cut if three conditions are met:
cut policy rate
Stable rupiah Oil price
Minimum FFR at consistently at
cut of 50 bps ~Rp16,000/USD <USD 90/bbl
or stronger
01
PT Bank Negara Indonesia (Persero) Tbk. 15
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Source: Bloomberg, CEIC, BNI Chief Economist
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Financial Highlights
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Management Financial Digital
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1H2024 Financial Performance Highlight
Q2 recovery momentum with positive indicators for all P&L lines
Highlighted Results (IDR Bn) 1H23 1H24 YoY (%) 3Q23 4Q23 1Q24 2Q24 QoQ (%)
Total Asset 1,025,091 1,072,454 4.6 1,009,309 1,086,664 1,066,715 1,072,454 0.5
Loan 650,770 726,977 11.7 671,371 695,085 695,162 726,977 4.6
B/S Third Party Funds 765,009 772,319 1.0 747,595 810,730 780,230 772,319 -1.0
[Consolidated]
CASA 532,340 545,691 2.5 512,890 577,478 543,504 545,691 0.4
Time Deposit 232,670 226,628 -2.6 234,705 233,253 236,726 226,628 -4.3
Net Interest Income 20,595 19,072 -7.4 10,560 10,120 9,390 9,681 3.1
Interest Income 29,852 32,173 7.8 15,643 15,976 15,875 16,298 2.7
Interest Expense (9,257) (13,102) 41.5 (5,083) (5,856) (6,485) (6,617) 2.0
P&L Non Interest Income
OPEX
9,497
(12,792)
10,924
(13,554)
15.0
6.0
5,135
(6,752)
6,841
(8,234)
5,440
(6,649)
5,485
(6,905)
0.8
3.8
[Consolidated]
PPOP 17,300 16,442 -5.0 8,943 8,727 8,181 8,261 1.0
Provisioning Charges (4,511) (3,511) -22.2 (2,199) (2,486) (1,744) (1,767) 1.3
Net Profit 10,302 10,692 3.8 5,452 5,156 5,326 5,365 0.7
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PT Bank Negara Indonesia (Persero) Tbk. 17
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1H2024 Financial Performance Highlight
Key ratios
Highlighted Results (%) 1H23 1H24 YoY (%) 3Q23 4Q23 1Q24 2Q24 QoQ (%)
CASA Ratio (Consolidated) 69.6 70.7 1.1 68.6 71.2 69.7 70.7 1.0
CoF (Third Party Funds) 2.0 2.8 +79 bps 2.2 2.5 2.8 2.7 -7 bps
Profitability NIM 4.6 4.0 -56 bps 4.8 4.4 4.0 4.0 +3 bps
& Efficiency ROAE* 15.3 14.6 -0.7 15.8 14.3 14.5 14.7 0.2
[Bank Only]
Pre-tax ROAA 2.6 2.5 -0.1 2.8 2.5 2.5 2.4 -0.1
CIR 41.1 43.7 2.6 41.5 47.4 43.2 44.3 1.1
LAR 16.1 12.3 -3.8 14.4 12.9 13.3 12.3 -1.0
Asset NPL (Gross) 2.5 2.0 -0.5 2.3 2.1 2.0 2.0 -0.1
Quality Credit Cost 1.4 1.0 -0.4 1.3 1.4 1.0 1.0 0.0
[Bank Only] LAR Coverage Ratio 47.1 47.9 0.9 51.1 52.7 50.4 47.9 -2.5
NPL Coverage Ratio 308.8 298.2 -10.6 324.5 319.0 330.2 298.2 -32.0
LDR 85.2 94.0 8.8 90.1 85.8 89.0 94.0 5.0
Liquidity LCR 204.8 160.8 -44.1 183.5 174.1 176.0 160.8 -15.2
[Bank Only]
NSFR 155.1 137.2 -19.0 145.3 146.3 139.1 137.2 -1.9
Capital Tier-1 CAR 19.7 19.1 -0.6 20.1 20.2 18.9 19.1 0.2
[Bank Only] Total CAR 21.6 20.7 -0.9 21.9 22.0 20.5 20.7 0.2
*ROAE with average total equity as denominator ; 16.3% in 1H24 if the denominator is Tier 1 Capital as reported to OJK
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1H2024 Financial Performance Highlight
Healthy growth from lower risk segments
(IDR Tn)
Growth - %
Segment Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Loan Yield by Segment (%) – Bank Only
QoQ YoY
Corporate 339,5 355,5 374,9 374,8 403.1 7.5% 18.7% Segment 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
Corporate Blended Loan 7.7 7.7 7.9 7.8 7.5 7.4
244,4 257,6 272,5 272,1 291,6 7.1% 19.3%
Private
SOE & Govt Corporate 6.7 7.0 7.3 7.0 6.9 6.8
95,1 97,9 102,4 102,7 111,5 8.6% 17.3%
Institutions
Medium 99,9 101,6 101,6 98,7 97,7 -1.0% -2.2% Medium 7.6 7.7 7.9 7.9 7.7 7.7
Business Banking
Enterprise 51,0 52,7 52,6 50,3 48,5 -3.6% -4.9% Small 9.6 9.1 10.1 10.6 9.3 9.2
Commercial 48,9 48,9 49,0 48,4 49,2 1.7% 0.8% Consumer 8.6 8.3 8.1 8.2 7.9 8.1
Small 90,1 87,5 85,1 82,3 80,0 -2.8% -11.2% IDR Yield 8.1 8.0 8.3 8.2 7.9 7.8
Govt Subs FX Yield 5.8 6.1 6.1 6.2 6.1 6.0
48,6 46,7 44,1 41,7 39,4 -5.6% -19.0%
Loan (KUR)
SME Non-KUR 41,5 40,8 41,0 40,6 40,6 0.1% -2.1%
Subtotal 529,5 544,6 561,6 555,7 580,7 4.5% 9.7% Loan Composition (IDR Tn)
Mortgage 55,3 56,5 58,5 60,1 62,2 3.5% 12.6%
650,8 671,4 695,1 695,2 727.0
Consumer
Personal Loan 46,0 48,3 50,6 52,1 53,8 3.3% 17.0% 120.0% 800.0
0.9% 1.1% 1.3% 1.6% 1.9%
Credit Card 13,1 13,5 14,0 14,2 14,4 1.3% 9.9% 100.0% 700.0
17.7% 17.8% 17.9% 18.4% 18.3%
Others 1,0 1,2 1,5 1,8 2,3 27.7% 130.0%
80.0% 600.0
13.8% 13.0% 12.2% 11.8% 11.0%
60.0%
15.3% 15.1% 14.6% 14.2% 13.4% 500.0
Subtotal 115,4 119,5 124,5 128,3 132,7 3.5% 15.1%
40.0% 400.0
Subsidiaries 5,9 7,3 9,0 11,2 13,5 20.7% 127.3% 20.0%
52.2% 52.9% 53.9% 53.9% 55.4%
300.0
Total 650,8 671,4 695,1 695,2 727.0 4.6% 11.7% 0.0% 200.0
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Working Capital 383,5 398,8 407,6 391,6 417,9 6.7% 9.0%
Subsidiaries Consumer Small Medium Corporate
Investment Loan 151,2 151,7 160,5 171,9 172,2 0.2% 13.8%
01
PT Bank Negara Indonesia (Persero) Tbk. 19
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1H2024 Financial Performance Highlight
Rp94,6 trillion loan disbursed in 2Q24, driven by top tier clients
QoQ Loan Movement (IDR Tn) Top 3 Industries Contributing to QoQ Loan Growth in Jun-24
94.6
58.3 6.9 Outstanding Increase (IDR Tn) Quarter-on-Quarter
%
Corporate : 64.5 Tn General Trading 13.4 38%
Medium : 8.3 Tn
Enterprise : 2.3 Tn Natural Resources 6.0 17%
686.0 715.5 Corporate 4%
Commercial : 6.0 Tn Manufacturing 4.6
Small : 7.4 Tn
Consumer : 14.4 Tn
Mar 2024 Disbursement Install/Paid-Off Write-Off Jun 2024
YoY Loan Movement (IDR Tn) Top 3 Industries Contributing to YoY Loan Growth in Jun-24
358.6 270.2 Outstanding Increase (IDR Tn) Year-on-Year
%
18.5
General Trading 27.5 127%
Manufacturing 13.2 14%
Corporate : 223,1Tn
Corporate Energy & Natural Resources 10.2 33%
Medium : 46,6Tn
Enterprise : 19,0Tn
715.5
645.5
Commercial : 27,6Tn
Small : 31,7Tn
Consumer : 57,2Tn
Jun 2023 Disbursement Install/Paid-Off Write-Off Jun 2024
*bank only disbursement
02
PT Bank Negara Indonesia (Persero) Tbk. 20
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1H2024 Financial Performance Highlight
Better asset quality drives lower provisioning charges
Consolidated Profit & Loss (IDR Bn) 1H23 1H24 YoY (%) 3Q23 4Q23 1Q24 2Q24 QoQ (%)
Interest Income 29,852 32,173 7.8 15,643 15,976 15,875 16,298 2.7
Interest Expense (9,257) (13,102) 41.5 (5,083) (5,856) (6,485) (6,617) 2.0
Net Interest Income 20,595 19,072 -7.4 10,560 10,120 9,390 9,681 3.1
Premium Income Net 782 786 0.5 418 460 373 413 10.8
Fee income 6,932 7,753 11.9 3,547 4,304 3,913 3,840 -1.9
Recovery 1,783 2,385 33.7 1,170 2,077 1,154 1,231 6.7
Operating Income 30,092 29,996 -0.3 15,695 16,961 14,830 15,166 2.3
Operating Expense (12,792) (13,554) 6.0 (6,752) (8,234) (6,649) (6,905) 3.8
Pre-Provision Income (PPOP) 17,300 16,442 -5.0 8,943 8,727 8,181 8,261 1.0
Provisioning Charges (4,511) (3,511) -22.2 (2,199) (2,486) (1,744) (1,767) 1.3
Non-Operational Inc/(Exp) (85) - - (70) 22 - - -
Net Income before Tax 12,704 12,932 1.8 6,674 6,263 6,437 6,494 0.9
Net Income 10,302 10,692 3.8 5,451 5,156 5,326 5,365 0.7
02
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1H2024 Financial Performance Highlight
Fee income breakdown
Breakdown Non-Interest Income (IDR Bn) Fee Income from Banking Activities Grew by 4.4% YoY
Fee Income 1H23 1H24 YoY - % 3Q23 4Q23 1Q24 2Q24 QoQ - % 3,671 3,396 4,170 3,815 3,777 6,886 7,592
562 892
Consumer Banking 3,397 3,435 1.1 1,695 1,866 1,717 1,718 0.0 424 813
550 589
290 605 1,527
483 724 1,119
Account Maintenance 1,102 1,070 -2.9 533 588 529 541 2.3 589 682
ATM & e-Channel 713 748 5.0 371 382 369 379 2.9
5,174
3,003 2,667 4,953
2,531 2,623 2,506
Debit Card Maintenance 273 267 -2.5 138 138 135 132 -2.5
PPOB & Billpayment 148 163 10.7 76 76 83 80 -4.3
2Q23 3Q23 4Q23 1Q24 2Q24 1H23 1H24
Remittance 127 134 5.2 66 65 65 68 4.4 Other Fee Income Trading Activities Banking Activities
Card Business, Bancass,
1,034 1,053 1.8 511 617 536 518 -3.3
etc
Business Banking 3,489 4,157 19.2 1,701 2,304 2,098 2,059 -1.9
Key Fee Income Growth Contributors
Trade Finance 618 548 -11.3 354 321 320 228 -28.6
Marketable securities 630 777 23.4 224 364 312 465 48.9
Syndication FX Trading Marketable
FX Trading, Revaluation & Securities
490 750 53.2 198 332 412 339 -17.7
Derivatives
53.2% 23.4%
Pension Fund 217 110 -49.2 53 53 55 55 0.5
90.3%
Syndication 262 499 90.3 261 432 285 214 -24.9
750 777
Share Investment, 499
1,272 1,473 15.8 611 801 714 758 6.0
Custody, Coop Fee, Etc 490 630
Total Non-Interest Income 262
6,886 7,592 10.3 3,396 4,170 3,815 3,777 -1.0
(Bank Only)
Other Subsidiaries 46 161 248.4 150 135 98 63 -35.1
1H23 1H24 1H23 1H24 1H23 1H24
Total Non-Interest Income
6,932 7,753 11.9 3,547 4,304 3,913 3,840 -1.9
(Consolidated)
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Disciplined opex spending
OPEX Composition (IDR Bn) Cost to Income Ratio & Cost to Asset Bank Only - %
Operating Expenses 1H23 1H24 YoY - % 3Q23 4Q23 1Q24 2Q24 QoQ - %
Personnel Expenses 5,775 6,352 10.0 3,098 4,009 3,159 3,192 1.1 43.9 44.2 43.7
43.3 42.6 42.9
42.5
41.1
Base Salary 2,117 2,255 6.5 1,088 1,094 1,189 1,066 -10.3
Other Allowance 1,516 1,806 19.1 1,113 1,834 822 984 19.7
2.5 2.6 2.6 2.5 2.5 2.5 2.4 2.4
Post Employee Benefits 1,634 1,656 1.4 561 589 858 798 -7.0
Training 91 89 -2.4 83 172 24 65 172.6
2018 2019 2020 2021 2022 2023 1H-23 1H-24
CIR
Subsidiaries 417 546 30.9 253 320 267 279 4.8 CIR Cost to Asset Cost to Asset
G&A Expenses 3,656 3,533 -3.4 1,907 2,337 1,706 1,826 7.0
IT & Telecommunication 671 641 -4.6 381 421 275 365 32.7 Quality over Quantity
Occupancy Related 369 306 -17.1 181 208 153 153 0.5
PERSONNEL EXPENSES NUMBER OF
Promo Sponsor 412 339 -17.6 201 383 165 175 6.3 (IDR Bn] EMPLOYEE
Headcount priority
toward business &
Transport & Travel 104 101 -3.7 64 94 52 48 -8.0
digital units
Goods, Prof. Services & 1.2%
1,876 1,889 0.7 921 1,086 940 949 1.0
Others
10.0%
Subsidiaries 223 257 15.4 159 144 122 136 11.4
Result-oriented
6,352 26,934 27,266
reward scheme
Other Expenses 3,133 3,434 9.6 1,628 1,776 1,641 1,793 9.2
calibration to retain 5,775
and attract top
Other Subsidiaries 227 236 3.8 120 111 143 93 -34.7 talents
1H23 1H24 Jun 23 Jun 24
Total Operating Expenses 12,792 13,554 6.0 6,752 8,234 6,649 6,905 3.8
02
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New RRR incentives supported loan expansion on Q2
Growth - %
Consolidated Balance Sheet (IDR Bn) Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 QoQ YoY
Total Assets 1,025,091 1,009,309 1,086,664 1,066,715 1,072,454 0.5 4.6
Placement with other banks & BI 67,837 21,476 43,794 29,921 19,043 -36.4 -71.9
Current Account with Bank Indonesia 47,075 61,361 65,256 52,699 49.873 -5.4 5.9
Marketable Securities [market value] 32,325 34,576 37,408 41,238 40,433 -2.0 25.1
Government Bonds [market value] 121,408 123,018 127,100 131,033 132,496 1.1 9.1
Loans (gross) 650,770 671,371 695,085 695,162 726,977 4.6 11.7
Third Party Funds 765,009 747,595 810,730 780,230 772,319 -1.0 1.0
CASA 532,339 512,890 577,478 543,504 545,691 0.4 2.5
• Current Account 301,766 290,501 345,496 309,546 305,133 -1.4 1.1
• Saving Account 230,574 222,389 231,981 233,958 240,558 2.8 4.3
Time Deposits 232,670 234,705 233,253 236,726 226,628 -4.3 -2.6
Deposits from other Banks 15,226 13,599 11,894 12,825 18,150 41.5 19.2
Marketable Securities Issued 21,482 21,875 21,822 22,348 31,104 39.2 44.8
Borrowings 26,081 26,008 30,950 31,256 32,736 4.7 25.5
Shareholders’ Equity 143,474 147,218 154,733 149,702 154,072 2.9 7.4
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Reprofiling funding mix led to inflection in CoF trend
Third Party Funds (IDR Tn) Third Party Funds Composition
(IDR Tn)
Growth - %
Segment Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 765,0 747,6 810.7 780.2 772.3
QoQ YoY 120.0%
100.0%
CASA 532.3 512.9 577.5 543.5 545.7 0.4 2.5
80.0%
30.4% 31.4% 28.8% 30.3% 29.3%
Current Account 301.8 290.5 345.5 309.5 305.1 -1.4 1.1
30.1% 29.7% 28.6% 30.0% 31.1%
60.0%
Saving Account 230.6 222.4 232.0 234.0 240.6 2.8 4.3
40.0%
20.0%
39.5% 38.9% 42.6% 39.7% 39.5%
Time Deposit 232.7 234.7 233.2 236.7 226.6 -4.3 -2.6
0.0% 0
Third Party Funds 765.0 747.6 810.7 780.2 772.3 -1.0 1.0 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Current Account Saving Account Time Deposit
CASA Ratio* 69.6% 68.6% 71.2% 69.7% 70.7 1.0 1.1
*Consolidated
Cost of Third-Party Funds (%) – Bank Only Savings growth outstripping overall third party funds growth
5.13 Sticky savings strategy by
4.86
4.65
4.3% focusing on transaction
4.20 4.1% 4.0%
3.97
3.32 3.41 3.2% 3.7% The new mobile banking
app wondr by BNI
2.79 2.72 2.3%
2.47 2.54 0.5% Released in July-24,
2.35 2.35 2.25 built in latest tech, safer
2.07 2.82
1.75 1.87 0.4% and faster & more reliable
1.46 1.40 2.37 2.48 -0.1%
1.38
2.09 -2.7%
1.80 1.77 -1.7%
1.38 1.40 1.52
1.33
0.56 0.61 0.61 0.58 0.56 0.63 0.67 0.72
69%
0.58 0.55 -4.2% retail saving
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 balance came from
mobile apps users
Third Party Fund (QoQ %) Saving Account (QoQ %) (as of Jun-24)
Current Account Saving Account Time Deposits Cost Of Third Party Fund
*Calculation using average daily balance for a given quarter
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LCR and NSFR well above regulatory requirement (bank only)
Short-Term Obligations Have Been Well Covered..... .... As Well As for Supporting Long-Term Assets.
250.1%
229.0% 230.2%
226.0% 224.0% 224.2%
219.2% 219.0%
215.3%
203.4% 204.8%
192.0% 195.0% 193.1%
188.0% 189.0%
185.0% 182.0% 183.5%
174.1% 176.0%
164.1% 160.8%
152.0% 153.0% 151.8% 154.1% 155.1%
145.0% 144.0% 144.8% 145.0% 146.6% 145.3% 146.3%
140.0% 139.1% 137.2%
134.0% 134.0% 136.0% 133.4%
132.0% 132.0%
126.1% 124.2%
Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
LCR (Liquidity Coverage Ratio) NSFR (Net Stable Funding Ratio)
LDR is Also Manageable, Well Within Regulatory Framework
112.6%
103.9%
101.6%
98.2% 96.7%
91.3% 92.4% 92.8% 93.9% 94.1% 94.0%
92.8% 92.3% 91.5% 92.3% 91.9% 92.1% 91.2% 92.3%
91.6% 96.6% 88.1% 89.7% 90.9% 89.5%
88.8% 88.7% 88.4% 88.8%
93.2%
91.4% 86.3% 87.2%
85.2%
87.7% 87.4% 89.0% 93.3%
89.8% 90.1% 87.8% 85.3% 84.2% 90.1%
88.0% 88.3% 88.6% 83.1% 88.5% 87.0%
86.3% 85.9% 85.1% 89.8% 85.8%
87.6% 86.2% 79.7% 85.8% 85.4% 85.2%
85.1%
80.9% 82.0% 82.5%
76.9% 77.5% 76.9% 75.2%
Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
IDR FX Total
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Loan at Risk remains low (bank only)
Loan at Risk (IDR Tn) Current Restructured Loan (IDR Tn)
121,1 119,4 102,8 102,4 103,8 95,8 89,0 91,4 88,2 73.5 74,0 62,2 57,3 59,9 50,6 40,5 39,7 38,9
12.0% 12.0% 9.7%
19.6% 19.3% 16.0% 16.3% 16.1% 9.1% 9.3% 7.6%
14.4% 12.9% 13.3% 12.3% 5.9% 5.8% 5.4%
120.0% 120.0%
25.0%
8.4% 7.8% 8.4% 8.7% 8.7% 7.6% 6.7% 7.9% 7.4% 6.2% 6.3% 7.5% 7.0% 7.2%
100.0% 100.0%
9.2% 9.3% 9.4% 9.6% 5.0%
14.6% 13.8% 14.5% 14.7% 14.3% 15.0% 13.7% 14.4% 13.7% 17.1% 15.1% 16.7% 15.3% 13.5% 15.1% 17.4% 15.4% 13.4%
80.0% 80.0%
-15.0%
21.4% 19.6% 23.3% 23.3% 18.9% 17.3%
29.6% 28.3% 28.1% 27.6% 25.6% 25.1% 20.8% 27.7% 26.2% 18.5%
60.0%
-35.0%
60.0%
29.8% 27.8%
40.0% 40.0%
-55.0%
56.2% 55.5% 57.1% 57.0% 55.2% 56.5% 58.7% 62.0%
20.0%
47.3% 50.1% 49.0% 48.4% 51.4% 50.6% -75.0%
20.0% 45.5% 50.5% 47.6% 51.0%
0.0% -95.0% 0.0%
Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Corporate Medium Small Consumer LaR Corporate Medium Small Consumer Coll 1R
Special Mention Loan (Coll.2) by Segment (IDR Tn) Non-Performing Loan (NPL) by Segment (IDR Tn)
28,1 26,6 22,6 27,7 28,1 30,1 33,8 37,8 35,1 19,5 18,8 18,0 17,4 15,8 15,1 14,7 13,9 14,2
4.9% 5.5% 4.9% 120.0%
4.6% 4.3% 4.4% 4.4% 4.5% 3.2% 3.0% 2.8% 2.8%
3.5% 2.5% 2.3% 2.1% 2.0% 2.0%
100.0%
8.9% 9.1% 8.3% 11.1% 10.8% 11.2% 7.6% 9.3% 10.0% 10.9% 10.4% 10.4% 11.9%
6.5% 14.0% 15.7% 14.7% 16.2% 14.9%
8.4% 10.0% 8.6% 10.0% 10.1%
14.5% 12.8% 11.1% 80.0% 14.2% 13.9% 14.0% 13.2%
16.0% 19.9%
20.9% 15.0% 16.4% 22.7% 20.5% 23.3% 23.5%
24.6% 23.3% 21.1%
25.1% 22.6%
60.0%
36.2% 37.5% 38.2% 36.3%
39.7% 41.5% 33.6%
40.0% 38.6% 41.8%
70.0% 65.6% 63.5%
58.1% 57.5% 62.1% 56.6%
49.3% 53.8%
20.0% 38.8% 38.2% 37.5% 38.6%
26.4% 23.0% 23.3% 28.0%
18.7%
0.0%
Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Corporate Medium Small Consumer SML Ratio Corporate Medium Small Consumer NPL Ratio
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LAR by segment, write Off & recovery
Special Mention Loan by Segment – Bank Only Loan at Risk by Segment –Bank Only
Segment Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Segment Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Corporate 4.3% 4.2% 4.4% 4.8% 6.3% 6.6% 5.5% Corporate 15.3% 15.4% 15.7% 13.6% 13.3% 13.5% 12.4%
Medium 4.3% 6.7% 6.2% 6.3% 5.3% 5.7% 5.9% Medium 27.0% 27.6% 26.2% 23.6% 18.7% 19.3% 17.6%
Small 2.2% 4.5% 4.2% 3.8% 2.6% 4.6% 4.5% Small 15.5% 16.6% 16.9% 16.5% 14.4% 16.0% 15.1%
Consumer 1.7% 2.7% 2.6% 2.8% 2.1% 2.8% 2.6% Consumer 7.9% 8.3% 7.8% 7.5% 6.2% 6.7% 6.3%
Total SML- % 3.5% 4.4% 4.4% 4.5% 4.9% 5.5% 4.9% Total LAR- % 16.0% 16.3% 16.1% 14.4% 12.9% 13.3% 12.3%
Total SML- IDR Bn 22,606 27,702 28,130 30,106 33,812 37,774 35,075 Total LAR- IDR Bn 102,839 102,417 103,840 95,789 89,007 91,424 88,155
Non-Performing Loan by Segment – Bank Only Write Off & Recovery – Bank Only
14,390
Segment Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
10,884 10,771
Corporate 2,1% 2,1% 1,2% 1,0% 0,9% 0,7% 1.0% 9,506
36.0%
35.8%
Medium 6,4% 6,1% 6,0% 5,7% 6,0% 5,9% 4.9% 32.8% 6,680
5,174 27.6%
Small 2,6% 2,7% 3,8% 3,9% 3,5% 4,0% 4.2% 3,898 22.9%
3,114
2,466
1,846
Consumer 1,7% 1,8% 1,9% 2,0% 1,7% 1,8% 1.6%
Total NPL- % 2.8% 2.8% 2.5% 2.3% 2,1% 2,0% 2.0% 2021 2022 2023 1H-23 1H-24
Total NPL- IDR Bn 18,031 17,449 15,820 15,091 14,710 13.960 14,163 Write Off (Rp Bn) Recovery (Rp Bn) Recov. to Write Off Ratio
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Vintage analysis has shown improved loan underwriting
79% of the loans written off in 1H24 came from client origination
91% of 1H24 NPL formation came from client origination before 2021
before 2021
Fintech paylater & credit card only
Fintech paylater & credit card only
IDR 10,2Tn IDR 10,8Tn
1H24 NPL Formation 1H24 Write Off
03
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Sufficient provisioning in line with our risk appetite (bank only)
Provisioning for Loan (IDR Tn) CoC by Segment – Bank Only
Segment 2Q-23 3Q-23 4Q-23 1Q-24 2Q-24
10.8
Corporate 0.1% 0.3% 0.3% -0.6% -2.1%
3.4
Medium 3.3% 1.5% 2.7% 2.3% 4.6%
46.9 Prov Charges for
42.2
36.2 loan (net*)
Small 2.5% 3.3% 3.6% 5.2% 8.5%
Consumer 3.0% 2.5% 2.2% 2.1% 3.2%
Loan Provision - Dec Write Off 1H 2024 Loan Provision - after Provision Build Up Loan Provision - Jun CoC % - Bank wide 1.5% 1.3% 1.4% 1.0% 1.0%
2023 write off 2024
*after deducting loan remedial IDR 2.6Tn
Dec 23 Jun 24 Assigned Loan Loss Reserve by Coll & Stage
Jun-24 Jun-24
NPL % 2.1% 2.0% Collectability
Amount
Stage
Amount
LLR % LLR %
(IDR Tn) (IDR Tn)
Current – Normal 627,3 0,8 Stage 1 616,3 0,7
NPL Coverage % 319.0% 298.2%
LaR 88,2 42,4 Stage 2 72,2 26,9
Current Restructured 38,9 22,1 Stage 3 27,0 69,4
LAR % 12.9% 12.3%
Collectability 2 (SML) 35,1 54,2 All Stage 715,5 5,9
NPL 14,2 68,7
LAR Coverage % 52.7% 47.9% All Collectability 715,5 5,9
Notes: Figures are on bank only basis.
1) LAR ratio = Special Mention loans + NPL + Total Current Restructured Loans
2) NPL Coverage Ratio = Allowance for Impairment Losses divided by NPL amount. 03
PT Bank Negara Indonesia (Persero) Tbk. 31
3) LAR Coverage Ratio = Allowance for Impairment Losses divided by LAR amount
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LAR, NPL & Provision Coverage trend
LAR & LAR Coverage Ratio NPL & NPL Coverage Ratio
28.7%
4.3%
23.3% 3.7%
16.0% 2.8%
12.9% 12.3% 2.2% 2.1% 2.0%
9.1%
319.0%
298.2%
52.7% 278.3%
48.8% 47.9%
233.4%
182.4%
37.0%
34.3% 144.8%
27.0%
Avg 2017-2019 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
Avg 2017-2019 Dec-20 Dec-21 Dec-22 Dec-23 Jun-24
LAR Coverage LAR Ratio NPL Coverage Ratio NPL ratio
Notes: Figures are on bank only basis.
1) LAR ratio = Special Mention loans + NPL + Total Current Restructured Loans
2) NPL Coverage Ratio = Allowance for Impairment Losses divided by NPL amount.
3) LAR Coverage Ratio = Allowance for Impairment Losses divided by LAR amount
03
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Digital Initiatives
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1H2024 Digital Initiatives Initiatives
We’re
triumphing
Digital solutions
Mobile Banking
for business
banking clients
17.6mn registered users
Trx Volume Trx Volume
IDR 3,798tn ▲ 17.6% IDR 707tn ▲ 30.1% yoy
Instead of focusing on a particular product, yoy
No of Trx No of Trx
BNI believes in empowering digital 582mn ▲ 35.3% yoy 688mn ▲ 48.9% yoy
solutions for every needs. Merchant &
QR Payment Branchless
Banking
Introducing
the all-new App ….
550k+ Card & QRIS
merchant 205k+ Agents
E-channel Supports
Acquiring Trx Volume # of Transaction
IDR 52tn ▲ 19.3% 42.88mn ▲ 14.0%
SMS Banking yoy yoy
Trx Volume
ATM
IDR 6tn ▼ -41.8% yoy
13,165 ATMs
No of Trx E-wallet BNI Open API Ecosystem
Trx Volume
302mn ▼ -8.0% yoy
IDR 284tn ▼ -11.7%
yoy 4,000++ Partners
Internet Banking 12.7 mn cards in
280 API Services
No of Trx (Mn) circulations
Trx Volume (IDR Tn)
565mn ▲ 5.9% yoy IDR 10tn ▼ -35.7% yoy Trx Volume (IDR Bn) Best in class – open a new breed of
IDR 1.29tn▲ banking ecosystem banking services
No of Trx (Mn) 20.9%yoy digitalservices.bni.co.id
Launched on 5 July 2024
5mn ▼ -25.9% yoy
03
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1H2024 Digital Initiatives Initiatives
Catching up the super App race with
wondr by BNI is designed to assist customers with financial wondrful Features
solutions and to help customers overcome barriers and achieve Superior features to address market gaps, increase customer
their goals with 3 Financial Dimensions (Transaction, Insight satisfaction/delight and provide new value for customers
and Growth)
Insight Transaction Growth
Onboarding CASA, PFM and
and servicing Investment
• Time Deposits (IDR,
• Registration from USD, AUD)
anywhere around
the world • Lifegoals (Tapenas)
• Credit and Debit • Investment (Mutual
Card Maintenance Fund)
• Referral for acquire • Personal Finance
new users Management
Automated monthly Easy and comfortable Plan your future with Transaction
financial recap to check financial transaction investment products
out your financial health according to your • Group (Multiple)
All your transaction bank
Monitor your income and own appetite Transfer
accounts, and credit card
expenses from all BNI can be used as source of Sell and Buy Mutual • Same Day
channels fund, swipe left and right to Funds easier and Remittance services
Review your transactions, see it all! anywhere!
• Quick Access: QRIS,
track your spending by Customized your top pick Open new Time E-Wallet and Tapcash
category to help features Deposit start from
understand your money Rp 1 Million • Bill payment
habits
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1H2024 Digital Initiatives Initiatives
Along with the debut of wondr by BNI, BNI Mobile Banking remains the
customer's preferred option as part of the transition.
# Registered Users Transaction
Mobile Apps Transaction Value (in Mn) Frequency (in Mn)
has Surpassed ATM’S
Quarterly Transaction Value (Rp. Tn)
17.8 % 48.9 %
347 360 YoY
331 341 YoY
288
255
234
209 206 174 174 193 211
188 192 190 196 165
149 160 168 178 170 165 154 167 158 151
131 138 163 142 141
17.6
103 114 117 14.9 688
12.1 462
270
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
ATM Mobile Banking
Jun-22 Jun-23 Jun-24 Jun-22 Jun-23 Jun-24
Average Daily Mobile
Transaction
Banking Transaction Frequency
The 1st overall E- Best Product and
Best-in-Class Mobile Banking App Leads Value (in IDR Tn)
Banking Business Model of (in Mn)
and 1st Phone Banking BNI Mobile Banking
Innovation
to More Sticky Users
in the National
Banking Industry
# of Transaction per Avg. Transaction Retention Rate
30.1 % 48.3 %
Active user per Month Value (Rp. Mn) (%)** YoY YoY
Ratings* Ratings*
4.7/5.0 4.6/5.0
3.78
707
544 2.56
91.0 91.0
17.4 21.6
1.03 358 1.50
Jun-23 Jun-24 Jun-23 Jun-24 Jun-22 Jun-23 Jun-24 Jun-22 Jun-23 Jun-24
*Data as of June 2024
**% of users who return to perform' transactions from the previous month
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1H2024 Digital Initiatives Initiatives
Branchless Banking
Empowering Agents With > 15.3K Agents Are Located in Frontier,
Solid Contribution to Financial Inclusion
Powerful Mobile Agent App Remote and Disadvantaged Areas
205K Agents
7.6k
4.1k
+18.2% yoy 3.5k
Spread Across:
6 Thousand 34 Thousand
Districts Villages
Chargeable Transactions at Agents
Continues to Increase as Literacy Improves
83%
Inclusive Services
59%
• Online Account • Cash Withdrawal and • Government 32%
Opening Deposit Subsidy 14% 12% 14%
• Money Transfer • Tax and Bill Payment • KUR Loan referrals
User Plenty Bill payment 2019 2020 2021 2022 2023 1H24
Friendly Services % chargeable transaction to total transaction in Agen46
BNI Agen46 Improves The Quality of Life
Realtime Sharing Financial Report and Productivity of MSMEs
Fee for Agents Transaction Transactions at Agen46 by Type
More Additional Linked to BNI Grocery store, bundled with all-in- Cash Withdrawal
Features, Promo Digital Loan
one financial services of Agen46
15%
& Information e-Form (KUR Mikro) Phone Billing
• Increase Customer Traffic 6%
42,8 Million 46% BNI Transfer
Online Account • Commission-based income for 11% (1H24)
Opening, Cash facilitated transactions Interbank Transfer
Withdrawal & Deposit Others (Incl Cash Deposit, Top Up E-
22% wallet)
03
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1H2024 Digital Initiatives Initiatives
Harnessing the power of open banking
BNI Open API
digitalservices.bni.co.id
2023 Best Banking API Solution
BNI API 280 services (approved by in Indonesia
Utilized by
regulator), the most compared to Recognized Globally
4.000++ partners
peers
We Optimize All Three Possible Roles in Every Ecosystem Optimizing API to BNI’s Core Operational
Presenting comprehensive Using partner’s platform as a Provides services to Digitized stamp for Quick & Simple fund
offer of the ecosystem channel to sell bank’s partners so they can contract documents valued transfer API provided by
through a platform products potentiate their products more than IDR 5 Million Bank Indonesia
Providing integrated holistic Partner with e-commerce, Customize bundled solutions
solutions, such as government, lifestyle companies to sell Smart & secure contract BNI is one of 20 BI Fast
into new products in stamps to prevent fraud Sponsor Bank
education, health, commerce funding and lending products
collaboration with partners
POWERED BY* : POWERED BY :
03
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1H2024 Digital Initiatives Initiatives
Solid Digital Solutions for Business Banking Clients
Ample Room for Growth #User (in 000)
BNIDIRECT WEB & MOBILE API SERVICES
7.9%
75%
• Strong penetration rate in Corporate clients: YoY
of total transaction value comes from Corporate Clients 157.4
145.8
• Corporate Clients’ transaction value increased by 27% YoY
Jun-23 Jun-24
Transaction Value (in IDR Tn)
17.6%
Various digital channels YoY
to help customers make
3,798
transactions whenever, 3,229
wherever
1H23 1H24
Payment Management Value Chain Management #Transaction (in Mn)
ONLINE BANK FINANCIAL SUPPLY
GUARANTEE CHAIN MANAGEMENT 35.3%
Collection Management Open Banking Solution
YoY
582
430
Liquidity Management
1H23 1H24
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Business & Consumer Banking
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1H2024 Business & Consumer Banking
High quality growth on business banking
Growth (%) NPL (%)
Business Banking (IDR Tn) Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
QoQ YoY
Comp (%)
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Manufacturing 132.7 135.9 140.9 139.9 144,6 3.4 9.0 24.9 2.6 2.5 3.2 2.6 3.6
Trading, Resto & Hotel 103.2 109.5 111.4 110.0 119,0 8.1 15.3 20.5 5.1 4.7 3.2 3.3 2.5
Agriculture 53.9 55.0 56.0 54.1 51,7 -4.5 -4.0 8.9 1.4 1.5 1.5 1.5 2.3
Business Services 46.3 48.3 47.4 46.6 45,8 -1.7 -1.1 7.9 2.2 1.5 2.3 3.1 2.0
Infrastructure 56.6 54.7 54.5 56.2 55,5 -1.2 -2.0 9.5 2.0 2.0 1.6 1.3 1.1
Transport, Warehouse &
49.8 46.9 50.2 50.7 55,7 10.0 12.1 9.6 1.7 1.7 1.8 1.9 1.4
Communications
Social Services 23.3 24.0 25.6 26.4 29,1 10.4 24.8 5.0 1.9 1.7 1.6 1.2 0.8
Natural Resources 38.7 38.7 44.8 41.4 47,5 14.8 22.7 8.2 1.2 0.3 0.4 0.3 0.1
Electricity, Gas & Water 22.1 28.9 27.6 27.2 27,7 1.4 25.2 4.8 1.1 0.8 0.9 0.1 0.1
Others 2.9 2.7 3.2 3.2 4,1 29.9 42.2 0.7 0.8 0.1 0.1 0.1 0.9
Total 529.5 544.6 561.6 555.7 580,7 4.5 9.7 100 2.6 2.3 2.2 2.1 2.1
Electricity, Gas & Water Natural Resources Manufacturing
100.0 5.0%
150.0 15.0%
40.0
144.6
10.0%
90.0
35.0
80.0 145.0
140.8 139.9
28.9 27.6 27.3 27.7
70.0
30.0 60.0
44.8 47.5
140.0
135.9 10.0%
22.1 38.7 41.4 132.7
38.7
50.0
25.0 5.0%
135.0
40.0
1.2% 3.2% 3.6%
2.6%
20.0 30.0 130.0 5.0%
1.1% 0.8% 0.9% 20.0
0.3% 0.4% 0.3% 0.1% 2.6% 2.5%
15.0
0.1% 0.1% 10.0
125.0
10.0 0.0%
- 0.0%
120.0 0.0%
Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Amount NPL Amount NPL Amount NPL
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1H2024 Business & Consumer Banking
Consumer Business
Growth NPL (%)
Product (IDR Tn) Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Comp (%) NPL Movement - %
YoY Jun-23 Jun-24
Mortgage 55.3 56.5 58.5 60.1 62.2 12.6% 46.9% 2.9 2.2 2.9
2.9 2.8 2.9
2.6 2.6 2.6 2.6
Personal Loan 46.0 48.3 50.6 52.2 53.8 17.0% 40.5% 0.8 0.8 2.2
1.7 1.7 1.7 1.7 1.7 1.8
Payroll Loan 43.5 45.2 47.3 48.8 50.3 15.7% 27.0% 0.8 0.8 1.6 1.6 1.6
1.1 1.0
Fintech Pay later 2.5 3.1 3.3 3.3 3.5 39.1% 1.9% 0.6 1.6 0.9
0.7 0.8 0.8 0.8 0.8
0.7
0.5
Credit Card 13.1 13.5 14.0 14.2 14.4 9.9% 10.9% 1.7 1.8 0.1 0.2 0.5
0.2 0.1 0.1 0.1
0.1
Others 1.0 1.2 1.4 1.8 2.3 130.0% 1.7% 0.1 0.1 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Total 115.4 119.5 124.5 128.3 132.8 15.1% 100.0% 1.9 1.6 Mortgage Personal Loan Credit Card Others
Ample Room for Growth for Payroll Loan
Personal Loan Debtors Composition Jun-24
3,796 3,705
3,510 3,529 3,623
3,392 3,426
23.5%
2,724
2,302 38.2%
1,894 312 335
281 295 308
261 269 3.8% IDR 53.8 Bn
234
185
130 11.3%
23.2%
2016 2017 2018 2019 2020 2021 2022 2023 Mar 2024 Jun 2024
Number of Payroll Account [Thousand] Number of Payroll Loan Account [Thousand] Government Related SOE Private Companies Universities Other
04
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ESG
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Highlight
1H2024 ESG Highlight Initiatives
BNI Strong Commitment to Sustainability
BNI’s Five Pillars of Sustainability, Aligning Business
First Mover and Consistently Taking a Role in Shaping Sustainable Finance
to UN SDGs
• Developing ESG Framework as well as Net Zero Emission (NZE)
BNI FOR INDONESIA targets.
Running the company’s business by integrating • Strengthening sustainability implementation in the company
economic, social, environmental and governance Demonstrating through an ESG Board-level Committee and dedicated ESG
aspects. continuous Management Department.
progress • MSCI ESG Rating at BBB attributed to robust workforce
management, corporate behavior, and privacy & data security, as
BNI FOR CUSTOMERS well as maintaining Medium Risk of Sustainalytics' ESG Risk Rating.
Providing excellent services, digital solutions, • Adapting International ESG Reporting Standards.
security, and privacy protection for all customers.
• Responsible financing to sustainable business activities including
green portfolio amounted to Rp179 Tn or 25% of the total loan.
BNI FOR THE ENVIRONMENT We commit to • Climate Risk Stress Test (CRST) reporting to the FSA (OJK) covered
participate in seven sectors, including natural resources, electricity, transportation
Improving environmental quality in line with
and warehouse, construction, agriculture, manufacturing, and
business development. the climate
mortgage, accounting for 50% of total loan portfolio.
action
• Pioneer in the banking industry in Promoting Electric Vehicles and
its ecosystem.
BNI FOR THE COMMUNITY
• Green Office Culture (BNI Go Green).
Increasing awareness and responsibility to all
levels of society in line with business
development. • Respectable Good Corporate Governance practices.
Responsible • Fair operating, human rights, and labor practices.
Business • Zero data breach with high standard of customer data privacy
BNI FOR EMPLOYEES Operations and security protection.
Providing the best conditions for employees • Zero tolerance for fraud and financial crimes.
as a place of pride for work and accomplishment.
• Effective CSR Program.
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1H2024 ESG Highlight Initiatives
BNI ESG Framework
Environment Social
Conducting climate-related financial risk
S
management by referring to international Increasing employee engagement
standards.
Achieving Operation NZE (Net Zero Emission)
Employee capability enhancement
by 2028 and Financing NZE by 2060
Strengthening customer data and financial
Governance reinforcement in ESG loans
ESG protection
Increasing employee’s awareness
Framework
& capabilities
E G Governance
Sharpening ESG disclosure
Increasing diversity in Board level
Strengthening Board’s engagement on ESG
Short Term Focus (2023-2024) Medium Term Focus (2024-2026) Long Term Focus (≥2027)
• Strengthening infrastructure • Strengthening debtors’ Risk Acceptance Criteria (RAC) Implementation of climate change risk management in bank
• Establishing Net Zero Emission roadmap and Carbon Budget • Strengthening infrastructure for climate change risk operations
management
• strengthening Board’s engagement on ESG
• Optimizing data loss prevention
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1H2024 ESG Highlight Initiatives
Use of proceeds of 2023 Green Bond issuances
Highlight of The Issuance Green Bond Framework Use of Proceed
Proceeds will be used exclusively to
Issued Date 21 June 2022 finance/refinance assets directly related to 87,3%
"Eligible Green Projects" in accordance with the
Green Bond Principles (related to 10 categories As of 2023, 87.3% of
Amount IDR 5.0 Tn of green investment): proceeds have been
Sustainable IDR 5,0Tn allocated according to
Renewable Energy Transportation
green bond project
Id(AAA) from Climate Change
Rating selection criteria and
Pefindo Energy Efficiency Adaptation
BNI ESG Committee
Waste to Energy and Sustainable Water review.
and Wastewater
Green Bond Investors by Category Waste Management
Management
18% Sectorial distribution
Tenure : 3 Tenure : 5 Sustainable Natural
Sustainable of the proceeds
years Resources and Land 53%
years Agriculture
5%
Use
5% Sustainable Transportation
Terrestrial and Aquatic Green Buildings
Biodiversity Conservation Green Building
13% IDR 4.4Tn
Series B Renewable Energy
Series A 52%
48% Sustainalytics Opinion on
Rp4.0 Tn Rp1.0 Tn
43% 47%
Green Bond Framework Waste to energy and
“BNI is adequately positioned to issue green bond 8% waste management
and that the Framework is robust, transparent, and 8% Sustainable Natural
in alignment with the four core components of the Resources and Land Use
Bank Non Bank Retail Green Bond Principles 2021”
*) BNI Green Bond Report 2024 can be accessed on https://www.bni.co.id/Portals/1/BNI/Perusahaan/ESG/Docs/BNI-Green-Bond-Report-2024.pdf
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1H2024 ESG Highlight Initiatives
Environmental & social impacts of eligible assets financed by the issued
Green Bond
Categories Projects Environmental Impact Alignment with SDGs
Solar Power Plant (SHP)
Mini-Hydro Power Plant (MHPP)
Biogas Power Plants
The Jabodebek electric powered Light Rail
Transit (LRT)
Commercial & Office Building obtaining
Green Mark certificate from Building and
Construction Authority (BCA) with Platinum
rating in 2023.
Various recycle projects on paper, plastic,
Waste to Energy and
metal ash, and aluminum waste, as well as
Waste Management organic waste
Sustainable Natural Forest Concession Projects
Resources & Land Use
04
PT Bank Negara Indonesia (Persero) Tbk. Source: BNI Green Bond Report 2024 47
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1H2024 ESG Highlight Initiatives
Promoting Sustainability Linked Loan (SLL) on Top of Sustainable Portfolio
Sustainable portfolio has reached 25% of total loan (bank only), Sustainability-Linked Loans (SLL) are gaining more interest
driven by strong growth of green loans
in IDR Tn
182.9 181.1 175.9 179.1
172.4 Disbursed loan under
Sector SPT
SLL scheme
123.2 113.2 109.7 Poultry & Minimizing the
117.0 118.9
Agrifood impact
cagr 21,8% Processing of water pollution
10,7% yoy
55.4 59.7 67.9 57.0 69.4
Cement Achieving specific
2021 2022 2023 Jun-23 Jun-24
Manufacture CO2 emissions
Green Social ~ USD
* sustainable portfolio is loan to business sectors that meet the requirements of The Sustainable Business Activities Category (KKUB) of OJK
365mio
in total Improvement of ESG
BNI Green Portfolio as of June 2024 Steel
Manufacture scoring on annual
Renewable Energy Environmentally sustainable basis
management of living natural
IDR 10.8 Tn 11,3%
yoy resources and land use
IDR 29.4 Tn
55,6%
Financing to hydro, solar & biogas Reducing emissions,
power plant
yoy Packaging
recycling resin and
Manufacture
gender equality
Pollution Prevention
Others
(Sustainable water and wastewater
management, etc.)
3,4%
IDR 3.0 Tn yoy
IDR 26.2 Tn
2,7%
yoy
SLL encourages borrowers to achieve ambitious Sustainability Performance
Targets (SPT).
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Sector Guides of Responsible Financing
BNI Credit Policy Agriculture – Palm Oil Coal
No Exposure in The palm oil sector guide applies to all palm oil The coal financing guide applies to coal mining and its
plantations, crude palm oil mills, palm oil refiners, and supporting business (trader and heavy equipment suppliers)
traders
Prohibited by the We require customers to demonstrate alignment with No Deforestation policies
government Financing to coal mining is strictly for Top Tier
Corporates with good ESG practices
Illegal logging Obligations to fulfill a mandatory business permits: Plantation Business Permit
(IUP), Cultivation Business License (IUP-B), Plantation Business Registration Legal requirement for the debtor’s business to have
Forced labor, child (IUP-P), Plantation Business Registration (SPUP) an Environmental Impact Analysis (AMDAL)
exploitation, human
rights violation
We require new palm oil debtors to have RSPO or ISPO, and request customers Debtors have at least a Blue PROPER
to achieve full RSPO certification within a timeframe in order to expand their (Environmental Performance Rating) from the
Violating the rights
target market. Ministry of Environment Life and Forestry
of local community
For Medium segment, requirement for ISPO is applied as affirmative covenant. Debtors agree to comply with the loan agreement
Destroying world
the fulfilment of which will be monitored regularly by RM and become subject clause that they will comply with all applicable
heritage sites
to periodic internal audit environmental regulations and required
documentations. The failure to satisfy it will impact
Narcotics loan continuity
productions
& trading % COAL TO TOTAL LOAN COAL LOAN BREAKDOWN
% PALM OIL TO TOTAL LOAN % PALM OIL PORTFOLIO (BANK ONLY)
PALM OIL LOAN BREAKDOWN
Weapons (BANK ONLY) WITH RSPO AND/ OR ISPO
4.1% 0.04%
1.7% 20.3%
Gambling
7.9%
& money 19.4% 26%
laundering
3.9%
Politically
Exposed Person
(PEP)
75.7%
74%
78.9% 95.9%
Trading protected
92.1%
animals Coal Trading Equipment Briquette
Coal others Mining Suppliers Industry
Palm Oil Plantation Refinery & Palm Oil Mill Trading RSPO and/ or In the certification
ISPO Certified process
* sustainable portfolio is loan to business sectors that meet the requirements of The Sustainable Business Activities Category (KKUB) of OJK
04
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Best-in-class governance becomes corporate priority
Top Management Good Corporate Governance practices
The Board of Commissioners Protection of minority
One share, one vote shareholders and initiatives to
6 out of 11 are independent
commissioners
foster their involvement
Audit Committee Risk Monitoring Predicate as a “Leadership in
Committee
All Committees under BOC are ISO 37001:2016 Corporate Governance”
Based on the 2022 ASEAN Corporate Governance
Nomination & Integrated chaired by an independent Concerning Anti Bribery
Scorecard (ACGS) standard from the Indonesia
Remuneration Governance commissioner Management System Institute for Corporate Directorship (IICD), improved
Committee Committee from “Very Good”
The Board of Directors All BOD members are • Respecting and supporting intellectual
independent from the controlling property Protection
shareholder Fair Operating Practices • fair trade practices and avoiding monopoly
• Maintaining mutual trust and fair relations with
BNI fosters and supports the principles of diversity, equality and non-
& Competition business partners/suppliers/vendors in
discrimination accordance with the code of conduct and
integrity pact.
17% (2 out of 12) BOD are
female
BNI Code of Ethics Whistleblowing System
25% 33% 42%
BOD distribution by age by Annual Declaration
1H24 Training/Socialization
<50 years old 50 - 55 >55 years old
05
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1H2024 ESG Highlight Initiatives
Embodying Sustainability Culture
Employee Diversity Products/Services with Environmental Impact
2,723 units of ATM BNI Pandai
Women Men for Disabilities
Gender Basic Saving account bundled
52% 48% Equipped with voice services to with card for receiving social
help people with visual and assistance from the government.
25-29 35-40 >50 physical disabilities
20% 23% 9%
BNI WWF Affinity Card KUR TANI
Age Cardholders can participate in Loan to farmers to improve their
funding conservation activities income and welfare.
through a sharing fee of 0.4%
<25 30-34 41-50 from each retail transaction.
4% 23% 21%
BNI Bike2Work Affinity BNI Amex Vibe Card
Card Targeting youth segment,
Collaborating with biker With card using recycled
community for go green cycling materials
Empowering Women in Top Management
campaign.
Green Office Culture
Gender Women Men
31% 69%
• Green Building Certification by the Green Building Council Indonesia (GBCI) with
Gold Certification for Menara BNI and Platinum Certification for Plaza BNI
Note:
• Wastewater management systems in 2 HQ buildings (Menara BNI & Plaza BNI)
1. Top Management defines as AVP, VP, SVP, EVP, and SEVP Level equivalent to 40% of its total yearly water consumption
2. All figures stated as of Jun 2024 with the total number of full-time employees:
• Solar panel installation for the emergency exit in Plaza BNI
27.266
3. The recruitment, compensation, and career advancement policies of the bank • Adopting a paperless office administration system (E-Office)
make no distinctions based on ethnicity, religion, race, gender, or
physical disability.
• Green campaign through various media
United Nations Environment Indonesia Sustainable Indonesia Business Indonesia Green Indonesia Human
Association Programme Finance Finance Initiatives (IKBI) Council for Sustainable Building Council Capital Forum
membership Initiatives (UNEP FI) Founder/Member Development (IBCSD) (GBCI) (FHCI)
Member Founder/Member Member Member
05
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1H2024 ESG Highlight Initiatives
As a systemic bank, BNI put heavy emphasis on IT & Digital Risk Management
Establishment of CISO IT Security Governance
(Chief Information Security Officer) Centers on Three Pillars IT & Digital Risk Management Framework
▪ Security Policy
Technology GOVERNANCE PROTECTION OPERATION ▪ Security Awareness to employees & customers
& Operations ▪ Attack Simulation to employees
Director
PEOPLE ▪ Dedicated Cybersecurity Staff
SEVP
SEVP IT OPERATIONS
▪ Security Assessment
IT Strategy & Wholesale Banking Security Multi-layer 24x7 Security ▪ Cybersecurity Operation & Threat Management
Operations awareness defense Operation
Architecture Digital Delivery
mechanism Center (SOC) ▪ Penetration Testing & Vulnerability Assessment
Information
PROCESS ▪ Threat Intelligence
security Penetration Threat
Retail Digital Digital
provisions testing intelligence
CISO Delivery Operations
Organizational Incident User access Cybersecurity & Data Protections
capabilities management & management
Operations Application Credit forensics Multi-layer security on the infrastructure and network
Operations
Strategy & Development (firewall, IPS, WAF, Database Monitoring, multisite
Development
datacenter, DRC), application (Multi-factor
IT Application
TECHNOLOGY Authentication, Encryption, Secure Software
SORX*
Services Development Life Cycle, Mobile Application Protection),
Technology, end-point protection (Data Loss Prevention, Endpoint
Digital &
Operations IT Infrastructure Detection & Response, Antivirus, Hardening, USB Port
Management blocking) and secure data transmission mechanism
(data encryption, secured Global File Exchange system,
*) SORX: Senior Operational Risk Executive Secure File Transfer Protocol/SFTP, Virtual Private
Network/VPN, Secure Hypertext Transfer
Collaborating with official state bodies Standard & Best Practice Protocol/HTTPs) to protect the customer data from
(BI, OJK and BSSN), security device cyber threat.
principals and other communities to obtain User Access Management
information on threats and weaknesses,
the latest technology and products, as well Identity access management (IAM), Single-sign on (SSO),
Strategic Partner
as support when incidents occur Privileged access management (PAM), Active directory
for end-point access security.
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External Recognition of Our Best-in-Class ESG Practices
Asia Sustainability CNBC Indonesian
MSCI ESG Rating Sustainalytics
Report Rating 2023 Awards 2023
MSCI ESG Risk Rating
20,6
ESG RATINGS BBB
21,4
Medium Risk
Medium Risk
25,7
Medium Risk
CCC B BB BBB A AA AAA
Jun-23 Dec-23 Jun-24 Best Bank with ESG-Driven
Last Update: Last Update: Gold Rank GCG Commitment
Negligible Low Med. High Severe
11 June 2024 21 June 2024 0-10 10-20 20-30 30-40 40+
6 November 2023 13 December 2023
SRI (KEHATI) Index Corporate Governance
IDX ESG Leader Index Perception The 14TH IICD Corporate Asia Sustainability Reporting
Constituent of Sustainable
Investment
1 of 30 Public Company Listed
Index (CGPI) Award 2023 Governance Award 2023 Awards 2023 (ASRA)
INDONESIAN
BIODIVERSITY
FOUNDATION
IDX ESG star-listed companies:
https://esg.idx.co.id/ The Best Overall in Category Asia’s Best Sustainability
The Most Trusted Company Big Cap Public Listed Company
Period: Period: Report (Public Sector) - Gold
20 December 2023 18 September 2023
3 Jun 2024 – 29 Nov 2024 1 Dec 2023 – 31 May 2024 March 2024
* Based on the 2022 ASEAN Corporate Governance Scorecard (ACGS) standard from the Indonesia Institute for Corporate Directorship (IICD)
05
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About BNI
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1H2024 About BNI
Board of Director
ROKYE TUMILAAR PUTRAMA WAHJU SETYAWAN *
President Director (CEO) Vice President Director
▪ President Director, Bank Mandiri (2019-2020) ▪ Retail Banking Director, Bank Negara Indonesia
▪ Director Corporate Banking, Bank Mandiri (2018 (2023 – 2024)
- 2019) ▪ Treasury Director, Bank Negara Indonesia (2022 –
2023)
▪ President Director, Jaminan Kredit Indonesia
(2020 – 2022)
NOVITA WIDYA ANGGRAINI HUSSEIN PAOLO KARTADJOEMENA * I MADE SUKAJAYA *
Finance Director (CFO) Digital and Integrated Transaction Banking Director Enterprise and Commercial Banking Director
▪ Group Head Strategy & Performance Management, ▪ President Commissioner, Hibank Indonesia ▪ SEVP Remedial & Recovery, Bank Negara
Bank Mandiri (2020) (2023 – 2024) Indonesia (2023 – 2024)
▪ Group Head Accounting, Bank Mandiri (2017-2020) ▪ SEVP Corporate Development & ▪ Commissioner, BNI Sekuritas (2022 - 2024)
Transformation, BNI (2020 – 2024)
DAVID PIRZADA AGUNG PRABOWO * RONNY VENIR
Risk Management Director Wholesale and International Banking Director Network and Services Director
▪ SEVP Wholesale Risk, Bank Mandiri (2018-2020) ▪ President Director, BNI Sekuritas (2021 – 2024) ▪ SEVP Network, Bank Negara Indonesia (2019-
▪ Country Chief Risk Officer, Bank of Tokyo ▪ Managing Director, UBS Investment Bank (2013 2020)
Mitsubishi UFJ, Jakarta (2015-2018) -2021) ▪ SEVP Medium Business, Bank Negara
▪ Managing Director, Barclays (2012 – 2013) Indonesia (2018-2019)
MUNADI HERLAMBANG *
CORINA LEYLA KARNALIES MUCHAROM
Institutional Banking Director
Retail Banking Director Human Capital and Compliance Director
▪ Institutional Relations Director, Jasa Raharja
▪ Digital & Integrated Transaction Banking ▪ Division Head of Corporate Communication &
(2021 – 2024)
Director, Bank Negara Indonesia (2023-2024) Secretariat, Bank Negara Indonesia (2021 –
▪ Finance, Human Capital & Risk Management
▪ Consumer Banking Director, Bank Negara 2022)
Director, Wijaya Karya Bitumen (2019 – 2021)
Indonesia (2020 – 2023) ▪ Division Head of Strategic Planning, Bank
TOTO PRASETIO ▪ General Manager of Data Management & Negara Indonesia (2017 – 2021)
Technology and Operations Director Analytic Division, Bank Negara Indonesia (2019-
2020)
▪ SEVP Information Technology, Bank Mandiri
(2019 – 2022)
▪ Group Head IT Application Support, Bank
Mandiri (2017 – 2019)
▪ Head of IT Project Management, Bank Mega
(2015 – 2017)
Source: Corporate Website *In the OJK Fit and Proper Test, after being appointed at the AGM on 4 March 2024
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Board of Commissioner
PRADJOTO PAHALA NUGRAHA MANSURY
PRESIDENT COMMISSIONER/INDEPENDENT COMMISSIONER VICE PRESIDENT COMMISSIONER
▪ Vice President Commissioner, Bank Negara ▪ Vice Minister of Foreign Affairs (2023 – present)
Indonesia (2020 – 2023) ▪ Vice President Commissioner, Pertamina (2021 – 2023)
▪ President Commissioner, Panah Perak Megasarana ▪ Vice Minister of State-Owned Enterprise (2020 – 2023)
(2018 – 2019)
▪ Vice President Commissioner, Bank Negara
Indonesia (2015 – 2017)
SEPTIAN HARIO SETO ASMAWI SYAM
SIGIT WIDYAWAN
INDEPENDENT COMMISSIONER INDEPENDENT COMMISSIONER
INDEPENDENT COMMISSIONER
▪ Deputy of Investment and Mining Coordination at the ▪ President Commissioner, Bank Tabungan
▪ Independent Commissioner of Jasamarga Tbk.
Coordinating, Ministry for Maritime Affairs and Negara Tbk (2019)
(2015 – 2018)
Investment (2020 – present) ▪ President Director, Jiwasraya (2019)
▪ Director of Roda Pembangunan Jaya (2003-2015)
▪ Special Staff, Coordinating Ministry of Maritime and ▪ President Director, Bank Rakyat Indonesia
Investment Affairs (2018 – 2020) (2015 – 2017)
IMAN SUGEMA
INDEPENDENT COMMISSIONER ERWIN RIJANTO SLAMET FADLANSYAH LUBIS
INDEPENDENT COMMISSIONER COMMISSIONER
▪ Commissioner, Bank Tabungan Negara (2016 –
2019) ▪ President Commissioner, Aplikasinusa Lintasarta ▪ Deputy Cabinet Secretary, Cabinet Secretariat
▪ President Commissioner, Perusahaan Gas (2021 – 2023) of the Republic of Indonesia (2021 - present)
Negara (2015 – 2016) ▪ Board of Commissioners Member, Deposit Insurance ▪ Deputy for Political, Legal and Security Affairs,
▪ Senior Lecturer in Faculty of Economy, IPB Corporation Ex Officio Bank Indonesia Deposit Cabinet Secretariat of the Republic of Indonesia
University Insurance Corporation (2017 – 2020) (2015 - 2021)
▪ Deputy Governor, Bank Indonesia (2015 – 2020)
ASKOLANI MOHAMAD YUSUF PERMANA* ROBERTUS BILLITEA
COMMISSIONER COMMISSIONER COMMISSIONER
▪ Director General of Customs and Excise ▪ Deputy of Protocol, Press and Media of the ▪ Deputy for Law and Legislation, Ministry of
Directorate, Ministry of Finance (2021 – present) Presidential Secretariat, Ministry of State Secretariat RI State-Owned Enterprises (2023 – present)
▪ Director General of Budget, Ministry of Finance (2024 – present) ▪ President Commissioner, Bahana Sekuritas
(2013 – 2021) ▪ Commissioner, Bank Tabungan Negara (2023 – 2024) (2020 – 2023)
▪ Commisioner, Bank Mandiri (2014-2019) ▪ Head of Protocol Bureau of the Presidential ▪ Independent Commissioner, PT Bank Mandiri
Secretariat, Ministry of State Secretariat RI (2021 – (Persero) Tbk (2019 – 2020)
2024) ▪ Executive Director, Deposit Insurance Agency
(LPS) (2012 – 2019)
Source: Corporate Website *In the OJK Fit and Proper Test, after being appointed at the AGM on 4 March 2024
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Network and Distribution
Branchless Commercial Retail Business Consumer Loan Outlets
ATM Employees
Banking Business Center Center (RCC) Center (SKK) (KC, KCP, KK)
Jun-24 205,379 Jun-24 13,165 Jun-24 19 Jun-24 26 Jun-24 12 Jun-24 1.779 Jun-24 27,266
2023 185,697 2023 13,390 2023 19 2023 26 2023 12 2023 1,781 2023 27,570
2022 164,979 2022 16,125 2022 23 2022 27 2022 12 2022 1,808 2022 27,170
2021 157,632 2021 16,385 2021 23 2021 27 2021 12 2021 1,854 2021 27,177
2020 152,762 2020 18,230 2020 33 2020 25 2020 12 2020 1,889 2020 27,202
Overseas Offices
Singapore Nov 1955
Hongkong April 1963
Tokyo Sept 1969
New York April 1983
London April 1984
Osaka Dec 2012
Seoul Feb 2016
Amsterdam May 2022
Individual Customer Highlights Corporate/SME Customer Highlights
72.6 million 24.7 million 1.9 million 243,101 336,192 649 2,386 333,157
Funding Regular Saving Credit Cards Mortgage Business Banking Corporate Medium Loan Small Loan
Accounts Accounts Customers Debtors Debtors Debtors Debtors
*Including overseas debtors
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E-Banking (Bank Only)
Mobile Banking is set to become Expanding the network of banking services
the dominant banking channel for customers to unbanked people through Agen46
E Channel Branchless Banking
1H23 2023 1H24 YoY (%) 1H23 2023 1H24 YoY (%)
Mobile Banking # Agent 173,766 185,697 205,379 18.2%
#User (Th) 14,928 16,277 17,585 17.8 Agent Fund (IDR Bn) 2.743 3.653 3.839 40.0%
#Trx (Mn) 37,6 85.49 42.88 14.0%
#Trx (Mn) 462 1,043 688 49.1
Volume (IDR Tn) 28.40 59.91 23.89 -15.9%
Volume (IDR Tn) 544 1,216 707 30.1
#Pandai Account (Th) 20.012 20.021 20.033 0.1%
SMS Banking
Pandai Fund (IDR Bn) 1.248 1.119 995.37 -20.2%
#User (Th) 12,669 12,695 12,707 0.3
Reliable Transaction Platform to Support
#Trx (Mn) 328 660 302 -8.0 The Cashless Society
Volume (IDR Tn) 9 17 6 -41.8 Electronic Money & Acquiring
Internet Banking 1H23 2023 1H24 YoY (%)
#User (Th) 2,199 2,217 2,230 1,4 BNI Tap Cash
#Card (Th) 10,789 11,948 12,696 17.7%
#Trx (Mn) 7 14 5 -25.9
#Trx (Mn) 41 93 53 27.4%
Volume (IDR Tn) 16 30 10 -35.7
Volume (IDR Bn) 1,064 2,259 1,286 20.9%
ATM
Acquiring (EDC + QRIS + Online Merchant)
#Trx (Mn) 601 1,189 565 -5.9
#Trx (Mn) 118 270 205 73.2%
Volume (IDR Tn) 321 631 284 -11.7 43 87 52 19.3%
Volume (IDR Tn)
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A one-stop shop for lifetime finance and business needs
Investment
Life Insurance Securities Venture Capital
Manager
% BNI Ownership % BNI Ownership % BNI Ownership % BNI Ownership
60.0% Empowering customer with 75.0% Respected investment
99.9% (through BNI Sekuritas) 99.9%
banking and securities
Life Insurance Services
Revenue Mix brokerage services Catalyst between BNI's business
Strong Value Proposition as an
Rank in Industry Large customer base for 8% 20% Others
Investment Manager that focuses on groups and start-ups.
Bancassurance and 43% 21% Rank #10 index mutual funds, environmentally
#11 Employee Benefits
business. 49% 58%
Investment Banking
Investment friendly and fixed income.
• Founded on April 2022
(in form of Gross • Obtained OJK license
Written Premium) Brokerage
Banking Revenue
on January 2023
Rank #8 Rank #3
Jun-23 Jun-24
3%
Formed on March 22, 2021, to expand
Top Product BNI Sekuritas proposition as a regional Asset Under Market share of Index
34%
Life Insurance with Composition
player capable of providing banking Management Mutual Fund BNV Top Investee
of GWP
Endowment Benefit and capital market services in global
Jun-24
(Solusi Series, Hy End 63% financial markets.
Pro, and Steady
Protection)
5.2% 28
AUM Market APERD
Bancassurance Employee Benefit Agency
Share Partnership
Digital First SME Bank Consumer Finance
% BNI Ownership Preparing an SME-Focused Digital Bank as Long- % BNI Ownership New Car Financing franchise, emerges as a market
63.9% Term Growth Engine for The Group contender
99.9%
18 May 2022
Loan Portfolio Mix (%)
Officially acquired PT
Bank Mayora Consumer financing's
17 May 2023
Rebranding as Jun-24
32%
71% share of total financing
hibank to support Number of Clients Dealer Partnership
Total Deposit Total Loan No of outlet financing 55.9% 87.1%
the vision of 68%
becoming Indonesia's portfolio with a
Leading MSME
▲44% YoY ▲85% YoY ~ 128 K CIF 1,126 Dealer 44 Outlets tenor of 4-5 years (Jun ’23) (Jun ’24)
Digital Bank. SME Non SME
(Rp7.7 T → Rp11.1 T) (Rp4.7 T → Rp8.8 T)
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Subsidaries Contribution to BNI Group
Group Structure Total Asset (IDR Tn) Net Profit (IDR Bn)
50.8 255.2
MULTIFINANCE SECURITIES LIFE INSURANCE REMITTANCE BANK VENTURE CAPITAL 41.4 212.3
1983 1995 1996 1996 2022* 2022
99.99% 75.00% 60.00% 100.00% 63.92% 99.98% Jun 23 Jun 24 1H2023 1H2024
*The Decline in the Subsidiary’s profit is by design, due
to IT Transformation from hibank.
Total Subs Contribution (IDR Bn)
ASSET
SECURITIES
MANAGEMENT
2011 2021
99.90% 100.00%
1,163.4 1,194.3
Year of establishment Shares ownership
Note: as of February 2021, the financial summary (report) is excluded BNI Syariah as a consolidated calculation.
* Year of acquisition
1H2023 1H2024
Note:
- Total Contribution consist of Net Profit +Fee Income + Share Investments
- Fee Income : Contribution of subsidiaries which is directly recorded as FBI in BNI (parent company)
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Subsidaries Highlighted Performances
BNI Securities
BNI Life Insurance BNI Multifinance
Consolidated
229.7
203.8 21.9
189.3
126.8 131.1
8.4 4.8 4.6
118.7
7.0 11.7 2.5 1.3
1.4
0.1
25,743 2,720 -3.6 -1.1 5,450
24,243 2,600
22,552 2,245
868
1,107 1,154 1,185
6,309 6,295 1,603
5,822 1,085 270
152
1H2022 1H2023 1H2024 1H2022 1H2023 1H2024 1H2022 1H2023 1H2024
BNI Remittance LTD HIBANK BNI Ventures
0.1 127.7
1.9
1.3
-0.7 0.2
-0.7
16,319 60.4
18.5 12,641 513.5
11,949
14.6 31.0 510.1
508.0
11.1 505.7
10.2 9.2 8.1 501.4 501.4
4,276 4,462 4,526
1H2022 1H2023 1H2024 1H2022 1H2023 1H2024 1H2022 1H2023 1H2024
Note:
- Data Unaudited
Asset (IDR Bn) Equity (IDR Bn) EAT (IDR Bn) FBI contribution to BNI (IDR Bn)
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Capital Ratios are Well Above Minimum Requirement (Bank Only)
21.61% 21.88% 21.95%
20.67%
1.80% 1.71% 20.52%
1.85%
1.43% 1.63% 1.58%
1.46% 1.49%
1.43% 1.43%
Regulatory
Requirement 18.30% 18.59% 18.81% 17.46% 17.66%
13.8% 2.5%
Min. CAR based on (Capital Conservation
Buffer)
Risk Profile + add
buffers
1.5%
(Capital Surcharge
on Systemic Bank)
9.8 %
CAR based on Risk 9.8%
(CAR based on Risk
Profile
Profile)
1H2023 3Q2023 FY2023 1Q2024 1H2024
Notes:
CET 1 AT 1 Tier 2 CAR Countercyclical buffer = 0%
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BASEL 3 Capital Requirement and BNI Capital Realization
2022 2023 2024 BBNI Capital Realization 2022 2023 Mar 24 Jun 24
Common Equity Tier I Capital (%)
Minimum Requirement 10.3 10.3 10.3 10.3
a Add On based on Bank's Risk Profile 1.80% 1.80% 1.80%
BNI Realization & Projection 16.1 18.8 17.5 17.7
Tier I Capital (%)
b Minimum Common Equity Tier 1 Capital 4.50% 4.50% 4.50% 11.8 11.8 11.8 11.8
Minimum Requirement
BNI Realization & Projection 17.5 20.2 18.9 19.1
c Tier 1 Capital Minimum 6.00% 6.00% 6.00% Total CAR Based on Risk Profile + Add Buffers (%)
1. BNI Risk Profile (Rating 2 Sound) 9.8 9.8 9.8 9.8
2. Capital Conservation Buffer 2.5 2.5 2.5 2.5
d Capital Conservation Buffer 2.50% 2.50% 2.50%
3. Countercylical Buffer 0% - 2.5% 0 0 0 0
Countercyclical Buffer 4. Capital Surcharge for DSIB Bucket 1.5 1.5 1.5 1.5
e 0.00% 0.00% 0.00%
(Applied to all bank) 13.8 13.8 13.8 13.8
Minimum Requirement (%)
CAR BNI Realization & Projection (%) 19.3 22.0 20.5 20.7
Capital Surcharge for DSIB
f 1.50% 1.50% 1.50%
(Bank with systemic risk)
Risk Weighted Asset (Bank Only – IDR Tn) 2022 2023 Mar 24 Jun 24
Minimum Common Equity Tier 1
g 10.30% 10.30% 10.30% RWA - Credit Risk 586.1 609.2 614.3 635.0
+ Risk Profile + Additional Buffers
RWA - Market Risk 2.2 2.8 14.8 12.4
Minimum Tier 1 Capital based on
h 11.80% 11.80% 11.80% RWA - Operational Risk 93.0 35.0 37.4 37.4
Risk Profile + Additional Buffers
Total RWA 681.4 647.0 666.5 684.8
Minimum CAR + Risk Profile
i 13.80% 13.80% 13.80% Total Capital 131.3 142.0 136.8 141.5
+ Additional Buffers
CAR - % 19.3 22.0 20.5 20.7
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Breakdown Yield Earning Asset & Interest Bearing Liabilities (bank only)
1H23 1H24 Growth YoY
Breakdown Earning Asset
Amount (IDR Tn) Yield Amount (IDR Tn) Yield Amount Yield
Loan 645.5 7.7% 715.5 7.5% 10.8% -0.2%
Non Loan 268.0 4.1% 225.5 5.6% -15.8% 0.3%
Marketable Securities 139.6 4.5% 152.3 4.6% 9.1% 0.0%
Placement 90.5 3.9% 39.6 4.0% -56.2% 0.1%
Acceptance and other receivables 37.9 10.4% 33.6 12.4% -11.4% 2.0%
Total Earning Assets 913.5 7.0% 941.0 7.0% 3.0% 0.0%
1H23 1H24 Growth YoY
Breakdown Interest Bearing Liabilities
Amount (IDR Tn) CoF Amount (IDR Tn) CoF Amount CoF
Third Party Fund 757.6 2.0% 761.2 2.8% 0.5% 0.8%
Current Account 300.5 1.8% 301.7 2.6% 0.4% 0.9%
Savings 229.8 0.6% 239.7 0.7% 4.3% 0.1%
Time Deposit 227.2 3.7% 219.9 5.0% -3.2% 1.3%
Borrowings & Repo 31.3 7.9% 44.1 7.6% 40.9% -0.4%
MS Issued 21.6 4.6% 31.2 4.7% 44.5% 0.1%
Total Interest Bearing Liabilities 810.4 2.7% 836.5 3.4% 3.2% 0.7%
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BNI Shares & Rating
Historical Share Price Performance
Versus JCI – YoY Trend Market Cap Movement & PBV
Long Term Foreign Currency BBB- 37% 200
174
Long Term Local Currency BBB-/Stable 172
1.40
Fitch Short Term Foreign Currency F3 17% 115
126
1.33
Rating Viability Rating bb+ 9% 10%
4% 6% 6% 1.20
2%
National Long Term Rating AA+/Stable -5%
1.06
National Short Term Rating F1+ 2020 2021 2022 2023 28-Jun-24 1.04
2020 2021 2022 2023 28-Jun-24
-21% Market Cap (IDR Tn) PBV (x)
BBNI Share Price - 1Y (%) JCI - 1Y (%)
Outlook Stable
Long Term Foreign Issuer Credit BBB
Standard Long Term Local Issuer Credit BBB
& Poor's Diversified Shareholder Base
Short Term Foreign Issuer Credit A-2
Short Term Local Issuer Credit A-2 10.2%
Breakdown of shares ownership Retail Geographical distribution of
free float shares (as of Jun-24)
June
Outlook Stable Ownerships Dec 23
24 30.11% Indonesia
Foreign Long Term Bank Deposits Baa2
22.37% US & Canada
Moody's
Local Long Term Bank Deposits Baa2 Government RI 60.0% 60.0% 40%
Baseline Credit Assessment Baa3 Free Float 28.78% UK & Europe
Adjusted Baseline Credit Assessment Baa3 Public - Shares 10.28% Rest of Asia
13.0% 13.6%
Domestic
Counterparty Risk Assessment Baa2/p-2
6.02% Singapore
Public -
27.0% 26.4% 2.43% Rest of The World
Foreign 89.8%
Pefindo Corporate Rating AAA/Stable Institutions
▪ Issued shares 37,297,312,916 shares
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5 Years Financial Data
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1H2024 5 Years Financial Data
5 Years Financial Data (1)
Consolidated Balance Sheet (IDR Bn) 2019 2020 2021 2022 2023 1H23 1H24
Total Assets 845,605 891,337 964,838 1,029,837 1,086,664 1,025,091 1,072,454
Placement with other banks & BI 47,777 61,329 92,290 51,569 43,794 67,837 19,043
Marketable Securities [market value] 27,447 29,947 26,053 28,556 37,408 32,325 40,433
Government Bonds [market value] 81,029 90,661 111,430 121,291 127,100 121,408 132,496
Loans (gross) 556,771 586,207 582,436 646,188 695,085 650,770 726,977
Third Party Funds 614,311 679,452 729,169 769,269 810,730 765,009 772,319
Deposit from other banks 11,926 9,372 14,377 15,245 11,894 15,226 18,150
Marketable Securities Issued 3,085 3,085 18,751 22,110 21,822 21,482 31,104
Borrowings 57,236 44,114 32,458 35,654 30,950 26,081 32,736
Shareholders’ Equity 125,004 112,872 126,520 140,198 154,733 143,474 154,072
Consolidated Profit or Loss (IDR Bn) 2019 2020 2021 2022 2023 1H23 1H24
Interest Income 58,532 56,173 50,026 54,659 61,472 29,852 32,173
Interest Expense (21,930) (19,021) (11,779) (13,338) (20,196) (9,257) (13,102)
Net Interest Income 36,602 37,152 38,247 41,321 41,276 20,595 19,072
Premium Income Net 1,697 1,471 1,399 1,552 1,659 782 786
Fee Based Income 11,358 11,864 13,639 14,820 14,783 6,932 7,753
Recovery 2,354 1,549 2,581 3,780 5,030 1,783 2,385
Operating Income 52,012 52,036 55,865 61,472 62,747 30,092 29,996
Operating Expense (23,687) (24,214) (24,801) (27,059) (27,778) (12,792) (13,554)
Pre-Provision Income (PPOP) 28,325 27,822 31,064 34,413 34,970 17,300 16,442
Provisioning Charges (8,838) (22,590) (18,298) (11,514) (9,196) (4,511) (3,511)
Non-Operational Inc/(Exp) (118) (119) (216) (212) (134) (85) -
Net Income 15,384 3,280 10,898 18,312 20,909 10,302 10,692
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1H2024 5 Years Financial Data
5 Years Financial Data (2)
Financial Ratios (%) 2019 2020 2021 2022 2023 1H23 1H24
LOAN Growth [Consolidated] 8.6 5.3 5.3 10.9 7.6 4.9 11.7
CASA Ratio [Consolidated] 66.6 68.5 69.4 72.4 71.2 69.6 70.7
CASA Growth [Consolidated] 9.1 5.6 17.1 10.1 3.6 11.1 11.9
CAPITAL
Shareholders equity to total asset 14.8 12.7 13.1 13.6 14.2 140 14.4
Tier I - CAR (include operational risk) 18.7 15.7 17.7 17.5 20.2 19.8 19.1
Tier II - CAR (include operational risk) 1.1 1.1 2.0 1.8 1.7 1.9 1.6
Total CAR (credit,market + operational risk) 19.7 16.8 19.7 19.3 22.0 21.6 20.7
ASSET QUALITY
Net Non-Performing Loan 1.2 0.9 0.9 0.5 0.6 0.6 0.6
Gross Non-Performing Loan 2.3 4.3 3.7 2.8 2.1 2.5 2.0
Credit Cost 1.6 4.1 3.3 1.9 1.3 1.4 1.0
NPL Coverage 133.5 182.4 233.4 278.3 319.0 308.8 298.2
RENTABILITY
Pre-Tax ROAA 2.4 0.5 1.4 2.5 2.6 2.6 2.5
ROAE* 13.4 2.6 9.4 14.9 15.2 15.3 14.6
Net Interest Margin 4.9 4.5 4.7 4.8 4.6 4.6 4.0
EFFICIENCY
Cost to Income Ratio 43.9 44.2 43.3 42.6 42.9 41.1 43.7
LIQUIDITY
Loan to Deposit Ratio 91.5 87.3 79.7 84.2 85.8 85.2 94.0
DIVIDEND
Dividend Payout Ratio [%] 25.0 25.0 25.0 40.0 50.0 - -
All ratios are bank only, unless stated otherwise
*ROAE with average total equity as denominator ; 16.8% in 2023 if the denominator is Tier 1 Capital as reported to OJK
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1H2024 Equity Research Contact Details
Equity Research Contact Details
NO BROKERAGE ANALYST EMAIL
1 Bahana Securities Yusuf Ade Winoto Yusuf.ade@bahana.co.id
2 BCA Securities Andre Benas andre.benas@bcasekuritas.co.id
3 CGS International Handy Noverdanius handy.noverdanius@cgsi.com
4 Ciptadana Securities Erni M Siahaan Siahaanerni@ciptadana.com
5 Citi Investment Research Ferry Wong Ferry.wong@citi.com
6 CLSA Sarina Lesmina Sarina.Lesmina@clsa.com
7 Danareksa Securities Victor Stefano Victor.stefano@brids.co.id
8 DBS Bank Rui Wen Lim ruiwenlim@dbs.com
9 Goldman Sachs Melissa Kuang Melissa.kuang@gs.com
10 HSBC Singapore Weldon SNG Weldon.sng@hsbc.com.sg
11 Indo Premier Securities Jovent Muliadi Jovent.muliadi@ipc.co.id
12 JP Morgan Harsh Wardhan Modi Harsh.w.modi@jpmorgan.com
13 KB Valbury Securities Akhmad Nurcahyadi Akhmad.nurcahyadi@kbvalbury.com
14 Korea Investment & Securities Co Ltd. Edward Ariadi Tanuwijaya Edward.t@kisi.co.id
15 Macquarie Jayden Vantarakis Jayden.vantarakis@macquarie.com
16 Mandiri Securities Kresna Hutabarat Kresna.hutabarat@mandirisek.co.id
17 Maybank Kim Eng Securities Jeffrosenberg Chenlim Jeffrosenberg.lim@maybank.com
18 Mirae Asset Securities Robertus Yanuar Hardy Robertus.hardy@miraeasset.co.id
19 MNC Securities Victoria Venny Victoria.nawang@mncgroup.com
20 Morgan Stanley Selvie Jusman Selvie.Jusman@morganstanley.com
21 Nomura Verdhana Raymond Kosasih Raymond.kosasih@verdhana.id
22 RHB Research David Chong David.chongvc@rhbgroup.com
23 Samuel Securities Suria Dharma Suria.dharma@samuel.co.id
24 Sucor Securities Edward Lowis Edward.lowis@sucorsekuritas.com
25 Trimegah Securities Jonathan Gunawan jonathan.gunawan@trimegah.com
26 UOB Kay Hian Posmarito Pakpahan posmarito@uobkayhian.com
27 UBS Joshua Tanja Joshua.tanja@ubs.com
06
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PT. Bank Negara Indonesia (Persero) Tbk. Investor Relations Division Menara Astra Building, 32nd Floor Zone F Jl Jend Sudirman kav. 5 - 6 Jakarta 10220 T: 62-21-86656800 E: ir@bni.co.id Disclaimer This presentation has been prepared by PT. Bank Negara Indonesia (Persero) Tbk (the “Company”) for information purposes only. No representation or warranty, express or implied, is given by or on behalf of the Company (BNI nor any of its subsidiaries, its affiliates, directors, commissioners, employees and representatives) as to the accuracy, correctness, reasonableness or completeness of the information or opinions contained in this presentation. The presentation does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it form the basis of, or be relied in any connection with, any contract, investment decision or commitment whatsoever. The Company (BNI nor its subsidiaries, its affiliates, directors, commissioners, employees and representatives) does not accept any liability whatsoever for any loss however arising from any use of this presentation or their contents or otherwise arising in connection therewith (whether written or verbal communication). Forward Looking Statements Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. These forward-looking statements include all matters that are not historical facts. They are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statement contained within this presentations, regardless of whatever those statements are affected as a result of new information, future events or otherwise. Rounding Please note that rounding differences may appear throughout the presentation.
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Thank You
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Non-Operational Inc
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Bank Indonesia
p.25 ×4
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org
Ministry of Environment Life and Forestry
p.50
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person
Founder
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p.52
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—
CEO
· President Director
p.56
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—
CFO
· Director
p.56
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org
Enterprise
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p.56
unresolved
org
Bank Negara Bank Mandiri
p.56
unresolved
org
Bank TOTO PRASETIO
p.56
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person
Analytic Division
· Director
p.56
unresolved
org
Minister of Foreign Affairs
p.57
unresolved
org
Minister of State-Owned Enterprise
p.57
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org
Bank Tabungan
p.57
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org
Jasamarga Tbk.
p.57
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org
Negara Tbk
p.57
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Ministry of Maritime
p.57
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org
Bank Rakyat Indonesia Investment Affairs
p.57
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org
Bank Indonesia Deposit
p.57
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org
Insurance Corporation
p.57
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org
Ministry of Directorate
p.57
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Ministry of Finance
p.57 ×2
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Ministry of State Secretariat RI
p.57 ×2
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org
PT Bank Mandiri Secretariat
p.57
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org
PT Bank Mayora
p.60
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org
BNI Remittance LTD
p.62
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Bank Deposits
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Securities Co Ltd.
p.70
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