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Jakarta, 2 9 APR 2024
Nomor CSE/71 9--r \8
Peri ha I Laporan lnformasi atau Fakta Material
Pemaparan Kinerja oleh Perusahaan Tercatat Kepada Pihak Tertentu
(Earnings
Lampiran 1 (satu) set
Ke pad a
Yth . Otoritas Jasa Keuangan
Gedung Soemitro Djojohadikusumo
JI. Lapangan Banteng Timur 2-4
Jakarta Pusat
Up. Kepala Eksekutif Pengawas Pasar Modal
Dalam rangka memenuhi Peraturan Otoritas Jasa Keuangan Nomor 31/POJK.04/2015 tentang
Keterbukaan lnformasi atau Fakta Material oleh Emiten atau Perusahaan Publik dan Peraturan
Nomor 1-E Lampiran Keputusan Direksi PT Bursa Efek Indonesia No. Kep-00015/BEl/01-2021
tanggal 29 Januari 2021 tentang Kewajiban Penyampaian lnformasi, dengan ini kami untuk dan
atas nama PT Bank Negara Indonesia (Persero) Tbk ("Perseroan") menyampaikan Laporan
lnformasi atau Fakta Material sebagai berikut:
Nama Emiten : PT Bank Negara Indonesia (Persero) Tbk
Bidang Usaha : Perbankan & Kegiatan usaha penunjang lainnya
Telepon : 021-5728387
Alamat surat elektronik (email) : bni@bni.co .id
1. TanQQal keiadian 29 Aoril 2024
2. Jen is lnformasi atau Fakta lnformasi atau Fakta Material lainnya:
Material Perseroan menyelenggarakan Earnings Call
Kinerja Maret 2024 (unaudited)
3. Uraian lnformasi atau Fakta
Material
a. Dampak terhadap kegiatan -
operasional
b. Dampak hukum -
C. Dampak terhadap kondisi -
keuangan atau kelangsungan
usaha
4. Keterangan lain-lain Materi Earnings Call
Kineria 31 Maret 2024 terlamoir.
Bank Negara Indonesia (Persero) Tbkl J
..-ooN s rporate Secretary, V
,,. ''
.
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;_4' BN\
Okki Rus
Tembusan : Yth . Otoritas Jasa Keuangan - Kepala Departemen Pengawasan Bank Pemerintah
Yth . Direksi PT Bursa Efek Indonesia - Divisi Penilaian Perusahaan Sektor Jasa
PT Bank Necara lndonesla (Persero} Tbk
Kant0< Pusat
JI Jenderal Sud1rman Kav. l
Jakana 10220, 1ndoneS1a
wwwbnlco1d
Page 2
Corporate Presentation
1Q-2024Jakarta, 29 April 2024
PT BANK NEGARA INDONESIA (PERSERO) TBK.
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Management Financial Digital
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Highlight Highlight Initiatives
Table of Contents
◎ Management Highlights 03
◎ Macroeconomics Highlight 10
◎ Financial Performance 16
Highlighted Results 17
Loan Composition 19
Loan Disbursement 1Q-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 Quality Trend 28
Sufficient Provisioning in line with our risk appetite 29
Loan at Risk & Provision Coverage 30
SML, NPL, Write Off & Recovery [Bank Only] 31
◎ Digital Initiatives 32
◎ Business & Consumer Banking 41
◎ ESG 45
◎ About BNI 56
◎ 5 Years Financial Data 68
PT Bank Negara Indonesia (Persero) Tbk. Page 02
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1Q2024
Management
Highlight
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Management Financial Digital
01 02 03 Asset Quality 04 05 ESG
Highlight highlight Initiatives
1Q2024 Management Highlight
Quality-focused growth given external headwinds
LOAN (IDR Tn) CASA (IDR Tn) NIM & COST OF THIRD-PARTY FUND (%)
695.1 695.2
671.4 577.5
4.78 4.68
650.8 4.68
634.3 543.5 4.49 4.36 4.01
634.3
2.79
532.3 2.54
512.5 2.25
512.5 512.9 2.07
1.87 1.87
71.2%
90.1% 89.0%
69.6% 69.7%
85.4% 85.2% 85.8% 85.4% 68.9% 68.6% 68.9%
Mar 23 Jun 23 Sep 23 Dec 23 Mar 23 Mar 24 Mar-23 Jun 23 Sep 23 Dec 23 Mar 23 Mar 24 1Q23 1Q24
1Q23 2Q23 3Q23 4Q23
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 Rp23.6 Tn
8.7 8.6 8.9 8.7 8.7 5.5
8.2 16.3 16.3
16.1
3.9 5.3
3.2 3.7 3.5 4.3 3.2 14.4
5.2 5.2
13.3 5.2
12.9
1.4 1.5 1.4 1.4 5.1
1.3
10.4 10.2 10.6 10.1 10.4 1.0
9.4
1Q23 2Q23 3Q23 4Q23 1Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q23 1Q24
NII Fee Income Cost of Credit (%) LAR ratio (%)
PPOP
PT Bank Negara Indonesia (Persero) Tbk. Page 04
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1Q2024 Management Highlight
The fourth year of transformation focuses on reigniting productivity
Key focuses in BNI Transformation
Year 1 Year 2 Year 3 Year 4
[2021] [2022] [2023] [2024]
Capital strengthening Loan at Risk (LaR) management New Way of Working (include agile Regional Office Productivity
organizational structure) Enhancement
Loan at Risk (LaR) management End to End Credit Process
End to End Credit tools Commercial Business Center (CMC)
Productivity Enhancement
Cross-selling/Upselling in Corporate Credit Operation Excellence
Segment Commercial & SME Risk Management
Enhancement Credit tool implementation
Operation centralization
Operational Efficiency
Retail Loan Management System Transaction banking platform
Performance Management System
rejuvenation
Human Capital (HC) Blueprint Enhancement
Talent Management
CAR % NPL % NPL Coverage % Loan - Corporate Private – IDR Tn
3.7% CAGR
147.8% 16.0%
2.3%
20.5% 4.3% 330.2% 272.1
16.8%
182.4% 167.8
2.0%
Dec-20 Mar 24 Dec-20 Mar-24 Dec-20 Mar-24 Dec-20 Mar-24
PT Bank Negara Indonesia (Persero) Tbk. Page 05
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1Q2024 Management Highlight
2024 transformation focus:
Regional Office & Commercial Business Centre Productivity
REGIONAL OFFICE PRODUCTIVITY ENHANCEMENT COMMERCIAL BUSINESS CENTRE PRODUCTIVITY ENHANCEMENT
Frontline Revolution: Migrating 72% Frontliners into
Experienced RM and first line manager recruitment
Sales Force
6,8k+ frontliners
51% Realignment of KPI focusing on value chain execution
45% Past 55% Present
~ 72% migrate to
15%
sales role Discipline pipeline management
21%
13%
Teller CS (Customer Service)
Teller CS (Customer Service)
CS with greater farming role Dedicated sales role
Reduce turn-around time toward best-in-class industry
standard
Upgrading 1.2k direct sales role, from initially product
specialist (mortgage, payroll loan or credit card only) to Sharpening of credit guidance for every sub-sectors by
become generalist (multi-product offering) Head Office
Sharpening KPIs & Sales Performance Management
From 6-10 KPIs into max 5 KPIs with strong focus
19
Commercial
Business Centre
(CMC)
Sales Tool Upgrade, AI optimization to increase the 223 RM
accuracy of product advisory for clients in Commercial
Segment
Pt Bank Negara Indonesia (Persero) Tbk. Page 06
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1Q2024 Management Highlight
Management transition highlights the bank’s strong focus
Based on BNI AGM on 4 March 2024
Critical changes align with BNI’s focus
to enhance business growth & The other appointments are part of the Majority Shareholder’s commitment to support BNI
funding franchise transformation, which ensures an appropriate balance between skills and experience
Hussein Paolo Kartadjoemena *
Putratama Wahju
Newly Appointed: Digital & Agung Prabowo *
Setyawan *
Integrated Transaction Banking
Director Retail Banking Director Newly Appointed: Wholesale
re-appointed as Vice and International Banking
Focusing on digital solution to strengthen President Director Director
transaction-based CASA and fee income
contribution
I Made Sukajaya *
Corina Leyla Karnelies Munadi Herlambang *
Newly Appointed: Enterprise and
Commercial Banking Director Digital & Integrated Newly Appointed: Institutional
Transaction Banking Director Banking Director
re-appointed as Retail
Focusing on end-to-end solution for enterprise & Banking Director
commercial, while accelerating transformation in
this segment to enhance asset quality resilience
and productivity
*In the OJK Fit and Proper Test, after being appointed at the AGM on 4 March 2024
Pt Bank Negara Indonesia (Persero) Tbk. Page 07
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1Q2024 Management Highlight
We have issued Bond as an alternative source of funding amidst the
high CoF environment
Slow growth in system third party fund, More Conservative on FX Liquidity
Bond issued under existing
notably in FX Management
US$2.0 billion Euro Medium
Banking Industry: FX Third Party Fund (% YTD)
112.6 Term Note (“EMTN”) programme
20.1%
103.9 Size USD 500 Mn
14.0%
101.6
9.1%
Tenor 5 years due 2029
92.3
89.7 91.2 90.9
5.4% 88.8 89.5
85.2
… 87.4 89.0 Use of For funding & general corporates
90.1
88.5 84.2
89.8 87.0 Proceed purposes
85.8 85.4 85.2 85.8
82.0
82.5 77.5
76.9
75.1 Interest 5.28% p.a. fixed rate
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
1M 2M 3M 4M 5M 6M 7M 8M 9M 10M 11M FY Joint Lead
BNI Securities, Citigroup, J.P Morgan
2020 2021 2022 2023 LDR IDR (%) LDR FX (%) LDR (% Bank Only)
Managers
Non Conventional Funding is prudently
FX Cost of Fund have increased the most Especially on the FX Time deposit CoF
managed at <10% of total liabilities
6.78
3.37 Funding Composition
2.90
2.79 5.33
2.56 2.54 8.4% 9.0% 8.1% 7.5%
2.63 4.54
2.14 2.25
2.44 4.12
1.98
1.88
2.04 2.17
1.67 1.60
1.57
1.92 2.92 2.90
1.75 1.79 2.64 2.59 91.6% 91.0% 91.9% 92.5%
1.46 2.32
1.46 1.40
1.38
1.15
1.37
1.20
0.38 0.42 0.90 0.89 0.83
0.35 0.71
2021 2022 2023 Mar-24
0.24 0.25 0.30 0.19 0.21 0.22 0.21 0.16 0.22
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 0.21 0.22 0.21 Third Party Fund Non Conventional Funding
1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Non Conventional Funding consist of Bond issued, Borrowings, banker acceptance, etc
Blended CoF (%) IDR CoF (%) FX CoF (%) Current Acc Savings Time Deposit
Pt Bank Negara Indonesia (Persero) Tbk. Page 08
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1Q2024 Management Highlight
ESG aspect is embedded in our business
Our climate action objectives Sustainability enhanced products and services Testament of the substantial progress
With an enhanced product and service offering, we are well
positioned to play a leading role in supporting our customers in the Green loan grew by to reach 14% of total
transition to net zero 23% CAGR wholesale loan
Sustainability 14.2%
Green Financing 67.4
Linked Loan (SLL)
Net-zero SLL encourages borrowers to Priority given to the following
29.5
7.8%
emissions from operational by 2028 achieve ambitious sectors:
Dec-20 Mar-24 Dec-20 Mar-24
sustainability performance
% Green Loan to total
Loan Balance (IDR Tn)
USD 312 mm SLL has been wholesale loan
given to debtors in the
Renewable Energy
following sectors:
BNI supported Barito
Sustainable Renewable (BREN) in
Poultry & Agri-
management of acquiring Sidrap Wind
Food Manufacture
natural resources Farm IDR 1.6 Tn
Sidrap stands as Indonesia’s
pioneering wind farm, boasting
Cement Sustainable
Net-zero
a capacity of 75 MW and ranking
Manufacture Transportation among the largest in the nation.
This milestone was a testament
to shared commitment to
emissions from lending by 2060 renewable energy.
the latest reference:
https://www.idx.co.id/StaticData/NewsAndAnnou
Steel Manufacture Green Building ncement/ANNOUNCEMENTSTOCK/From_EREP/
202404/c7b3d9a9ab_1a846ef106.pdf
Pt Bank Negara Indonesia (Persero) Tbk. Page 09
Page 11
1Q2024
Macroeconomics
Highlight
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1Q2024 Macroeconomics Highlight
Indonesia’s economy is projected to remain resilient this year
The economy will be supported by fiscal spending, which we expect to
We forecast Indonesia’s GDP growth to remain at 5% in 2024
be frontloaded this year
1H24
GDP Growth (%)
5.17 5.31 Fiscal Spending Frontloading
4.88 5.03 5.07 5.02 5.05 5.00
3.70
New Capital Election
Social
City Committee
Assistance
IDR 41 Tn IDR 71 Tn
IDR 183.3 Tn
-2.07 (2023-2024)
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024F
Private consumption is expected to pick up on the back of higher
Fiscal balance is targeted at -2.29% of GDP this year
mobility, civil servant salary increase, and the elections
Private Consumption (%) Fiscal Balance (% of GDP)
4.96 5.01 4.94 5.05 5.04 4.93 4.82 5.10
-1.82% -1.65%
2.02 -2.20%
-2.49% -2.38% -2.29%
-2.59% -2.51%
-4.57%
-6.14%
-2.63
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024F
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024F
PT Bank Negara Indonesia (Persero) Tbk. Source: CEIC, MOF, BNI Chief Economist Page 11
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1Q2024 Macroeconomics Highlight
Nevertheless, the recently heightening geopolitical tensions could pose
risks to the global economy
VIX Index and Indonesia’s 5Y CDS increased after the heightening
Geopolitical tension in the Middle East might escalate further
Middle-East tension
VIX and CDS Indo 5Y
30 130
28 120
26
110
24
22 100
20 90
18 80
16
70
14
12 60
10 50
Mar-23
Mar-24
Feb-23
Apr-23
Sep-23
Dec-23
Jun-23
Feb-24
Apr-24
Jan-23
May-23
Oct-23
Jan-24
Jul-23
Nov-23
Aug-23
VIX Index - LHS CDS Indo
Investors have shifted to safe-haven assets, including gold, whose price
Rupiah 12M NDF even touched 16,500 on 16-Apr
has increased significantly
Rupiah Offshore NDF (USD-IDR)
15,400
15,600
15,845
15,905
15,932
15,974
15,800
+16%
16,070
16,175
16,000
16,220
16,236
16,278
16277
16289
16,326
16,332
16324
16,370
16375
16,200
16,422
16,424
16477
16,533
16,400
16,600
Spot NDF 1 Mo NDF 3 Mo NDF 6 Mo NDF 12 Mo
5-Apr-24 16-Apr-24 17-Apr-24 19-Apr-24
PT Bank Negara Indonesia (Persero) Tbk. Source: Bloomberg, BNI Chief Economist Page 12
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1Q2024 Macroeconomics Highlight
Past conflicts have raised commodity prices
CONSUMPTION RECOVERYprices
Commodity surged
HAS BEEN significantly
DRIVEN MORE amid the Russia-Ukraine
BY LEISURE conflict, with
– RELATED ACTIVITIES, coalAS
SUCH and gas prices rising the
TRANSPORTATION, highest
RESTAURANT, AND HOTEL
Commodity Prices (Pre-War =100) Commodity Prices (Pre-War =100)
230 130
210 120
190 110
170
100
150 Construction investment rebounded in 2H23 on the back of new capital city development and the completion of national strategic projects
90 (PSN)
130 Peak:
Peak: 80 Palm Oil: 125 (D+6)
110
Oil: 132 (D+13) 70 Wheat: 120 (D+65)
90
Coal: 193 (D+191) Gold: 207 (D+13)
70 60
Gas: 209 (D+180)
50 50
D-16
D-42
D-68
D-92
D-0
D-8
D-0
D-8
D-16
D-26
D-34
D-42
D-50
D-58
D-68
D-76
D-84
D-92
D-26
D-34
D-50
D-58
D-76
D-84
D-110
D-268
D-118
D-100
D-118
D-126
D-134
D-142
D-152
D-160
D-168
D-176
D-184
D-194
D-202
D-210
D-218
D-226
D-236
D-244
D-252
D-260
D-278
D-286
D-294
D-100
D-110
D-126
D-134
D-142
D-152
D-160
D-168
D-176
D-184
D-194
D-202
D-210
D-218
D-226
D-236
D-244
D-252
D-260
D-268
D-278
D-286
D-294
D-302
D-310
Oil (brent) Coal Natural Gas Palm Oil Wheat Gold
Russia-Ukraine conflict starts
Commodity Unit Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Brent Oil USD/bbl 85.6 94.1 112.5 106.2 112.0 117.5 105.1 97.7 90.6 93.6 90.9 81.5
Coal USD/mt 209.6 236.2 345.3 306.7 390.4 395.0 408.4 404.9 439.4 390.4 348.6 400.9
Gas USD/mmbtu 4.3 4.5 5.0 6.7 8.2 7.6 7.1 8.8 7.8 6.1 6.5 5.7
Palm Oil USD/mt 5,417.8 6,074.2 6,940.7 6,883.7 7,015.7 5,818.7 4,007.5 4,137.5 3,608.2 3,741.6 4,050.0 3,917.5
Wheat USD/mt 770.8 805.5 1,124.8 1,067.9 1,141.7 1,011.9 807.9 784.3 852.9 869.8 811.3 749.5
Gold USD/t.ounce 1,816.6 1,859.7 1,952.1 1,937.5 1,848.5 1,837.2 1,737.0 1,763.5 1,681.5 1,666.4 1,729.5 1,797.7
Brent Oil % to Jan-22 10.0 31.4 24.1 30.8 37.3 22.8 14.2 5.8 9.4 6.2 -4.8
Coal % to Jan-22 12.7 64.7 46.3 86.3 88.5 94.8 93.2 109.6 86.3 66.3 91.2
Gas % to Jan-22 4.8 17.0 58.2 92.4 77.8 67.2 106.3 83.4 43.0 52.0 34.8
Palm Oil % to Jan-22 12.1 28.1 27.1 29.5 7.4 -26.0 -23.6 -33.4 -30.9 -25.2 -27.7
Wheat % to Jan-22 4.5 45.9 38.5 48.1 31.3 4.8 1.8 10.7 12.8 5.2 -2.8
Gold % to Jan-22 2.4 7.5 6.7 1.8 1.1 -4.4 -2.9 -7.4 -8.3 -4.8 -1.0
PT Bank Negara Indonesia (Persero) Tbk. Source: Bloomberg, BNI Chief Economist Page 13
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1Q2024 Macroeconomics Highlight
We foresee a series of economic implications if the conflicts intensify
No Implication of a weaker exchange rate followed by higher geopolitical risk Indicator’s trend
1 Investors become more risk-averse (flight to quality) Increasing gold price and stronger dollar index
2 Increasing oil imports Wider current account deficit
3 Higher cost of capital Rising domestic bond yield
4 Higher energy cost for production activities
Rising producer price inflation
5 Higher logistic & transportation cost
6 Higher retail fuel prices Rising consumer inflation
If the average oil price reaches and is sustained at USD 110-120/bbl, we
Both CPI and PPI inflation rose during the Russia-Ukraine conflict
cannot rule out a fuel price hike scenario
Fuel Price Hike Impact to Inflation (ppt) Inflation Comparison (% YoY)
0.48 14
2Q22 11.77
12 Russia-Ukraine
0.11 10 Conflict
8
6 3Q22 5.95
4
0.37 0.16 2
0.09 0
0.14 -2
0.07 0.01
1Q18
1Q13
3Q13
1Q14
3Q14
1Q15
3Q15
1Q16
3Q16
1Q17
3Q17
3Q18
1Q19
3Q19
1Q20
3Q20
1Q21
3Q21
1Q22
3Q22
1Q23
3Q23
1Q24
Pertalite Pertamax Pertamax RON95++ Diesel Fuel
CPI Inflation PPI Inflation
1st Round 2nd Round
PT Bank Negara Indonesia (Persero) Tbk. Source: Bloomberg, BNI Chief Economist Page 14
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1Q2024 Macroeconomics Highlight
Furthermore, the US’s sticky inflation, low unemployment rate, and solid
economic growth have all reinforced the market expectation of FFR cut
US inflation has shown a slight uptrend since Feb-2024, whereas core
Unemployment rate has remained stubbornly low
inflation has remained sticky
The US CPI Inflation (%) US Unemployment Rate (%)
16
10
14
8 12
10
6
8
3.8
4 6 NAIRU: 5.00
The Fed Target: 2.0 4
2 3.5
2 3.8
0 0
Feb - 20
Feb - 21
Feb - 22
Feb - 23
Feb - 24
Oct - 20
Oct - 21
Jun - 22
Dec - 19
Dec - 20
Apr - 21
Dec - 21
Oct - 22
Oct - 23
Apr - 20
Jun - 20
Jun - 21
Apr - 22
Dec - 22
Apr - 23
Jun - 23
Dec - 23
Aug - 20
Aug - 21
Aug - 22
Aug - 23
Headline CPI inflation Core CPI Inflation
The Fed and IMF revised up the US economic growth projection Market has toned down the 2024 FFR cut expectation to only 50 bps
for 2024-2025 from 150 bps early this year
The US Growth Projection from The Fed and IMF (%)
3.0 2.7
2.5 2.1 2.0 1.9
2.0 1.8 1.8
1.4 1.5
1.5
1.0
0.5
0.0
The Fed Dec-2023 The Fed Mar-2024 IMF WEO Oct-2023 IMF WEO Apr-2024
Projection Projection Projection Projection
US 2024F Growth US 2025F Growth
PT Bank Negara Indonesia (Persero) Tbk. Source: Bloomberg, CME Fed Watch, BNI Chief Economist Page 15
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1Q2024
Financial
Highlights
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1Q2024 Financial Performance Highlight
Highlighted results
HIGHLIGHTED RESULTS (IDR Bn) 1Q23 1Q24 YoY (%) 1Q23 2Q23 3Q23 4Q23 1Q24 QoQ (%)
Total Asset 1,012,363 1,066,715 5.4 1,012,363 1,025,091 1,009,309 1,086,664 1,066,715 -1.8
Loan 634,326 695,162 9.6 634,326 650,770 671,371 695,085 695,162 0.1
B/S Third Party Funds 743,729 780,230 4.9 743,729 765,009 747,595 810,730 780,230 -3.8
[Consolidated]
CASA 512,542 543,504 6.0 512,542 532,340 512,890 577,478 543,504 -5.9
Time Deposit 231,187 236,726 2.4 231,187 232,670 234,705 233,253 236,726 1.5
Net Interest Income 10,408 9,390 -9.8 10,408 10,188 10.560 10.120 9,390 -7.2
Interest Income 14,804 15.875 7.2 14,804 15,049 15,643 15,976 15.875 -0.6
Interest Expense (4,396) (6,485) 47.5 (4,396) (4,861) (5,083) (5,856) (6,485) 10.7
P&L Non Interest Income
OPEX
4,747
(6,503)
5.440
(6.649)
14.6
2.3
4,747
(6,503)
4,749
(6,289)
5,135
(6,752)
6,841
(8,234)
5.440
(6.649)
-20.5
-19.2
[Consolidated]
PPOP 8,652 8,181 -5.4 8,652 8,649 8,943 8,727 8,181 -6.3
Provisioning Charges (2,149) (1,744) -18.9 (2,149) (2,362) (2,199) (2,486) (1,744) -29.9
Net Profit 5,221 5,326 2.0 5,221 5,081 5,452 5,156 5,326 3.3
PT Bank Negara Indonesia (Persero) Tbk. Page 17
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1Q2024 Financial Performance Highlight
Key ratios
HIGHLIGHTED RESULTS (%) 1Q23 1Q24 YoY (%) 1Q23 2Q23 3Q23 4Q23 1Q24 QoQ (%)
CASA Ratio (Consolidated) 68.9 69.7 0.8 68.9 69.6 68.6 71.2 69.7 -1.5
COF (Third Party Funds) 1.9 2.8 0.9 1.9 2.1 2.2 2.5 2.8 0.3
Profitability NIM 4.7 4.0 -0.7 4.7 4.5 4.8 4.4 4.0 -0.4
& Efficiency ROAE* 15.5 14.5 -1.0 15.5 15.1 15.8 14.3 14.5 0.2
[Bank Only]
Pre-tax ROAA 2.7 2.5 -0.2 2.7 2.4 2.8 2.5 2.5 0.0
CIR 41.7 43.2 1.5 41.7 40.6 41.5 47.4 43.2 -4.2
LAR 16.3 13.3 -3.0 16.3 16.1 14.4 12.9 13.3 0.4
Asset NPL (Gross) 2.8 2.0 -0.8 2.8 2.5 2.3 2.1 2.0 -0.1
Quality Credit Cost 1.4 1.0 -0.4 1.4 1.5 1.3 1.4 1.0 -0.4
[Bank Only] LAR Coverage Ratio 48.9 50.4 1.5 48.9 47.1 51.1 52.7 50.4 -2.3
NPL Coverage Ratio 286.8 330.2 43.4 286.8 308.8 324.5 319.0 330.2 11.2
LDR 85.4 89.0 3.6 85.4 85.2 90.1 85.8 89.0 3.2
Liquidity LCR 203.4 176.0 -27.4 203.4 204.8 183.5 174.1 176.0 1.9
[Bank Only]
NSFR 154.1 139.1 -15.0 154.1 155.1 145.3 146.3 139.1 -7.2
Capital Tier-1 CAR 19.7 18.9 -0.8 19.7 19.8 20.1 20.2 18.9 -1.3
[Bank Only] Total CAR 21.6 20.5 -1.1 21.6 21.6 21.9 22.0 20.5 -1.5
*ROAE with average total equity as denominator ; 16.2% in 1Q24 if the denominator is Tier 1 Capital as reported to OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 18
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Healthy growth from lower risk segments
(IDR Tn)
GROWTH - %
SEGMENT MAR-23 JUN-23 SEP-23 DEC-23 MAR-24 LOAN YIELD BY SEGMENT (%) – BANK ONLY
QoQ YoY
Corporate 322,2 339,5 355,5 374,9 374,8 -0.1 16.3 SEGMENT 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Corporate Blended Loan 7.8 7.7 7.7 7.9 7.8 7.5
238,8 244,4 257,6 272,5 272,1 -0.2 14.0
Private
Corporate SOE 83,4 95,1 97,9 102,4 102,7 0.3 23.0 Corporate 6.7 6.7 7.0 7.3 7.0 6.9
Medium 101,6 99,9 101,6 101,6 98,7 -2.8 -2.8 Medium 7.1 7.6 7.7 7.9 7.9 7.7
Business Banking
Enterprise 50,5 51,0 52,7 52,6 50,3 -4.5 -0.2 Small 10.2 9.0 8.4 8.9 9.4 8.1
Commercial 51,1 48,9 48,9 49,0 48,4 -0.9 -5.3 Consumer 9.3 9.2 9.0 9.0 9.1 8.6
Small 92,6 90,1 87,5 85,1 82,3 -3.4 -11.2 IDR Yield 8.4 8.1 8.0 8.3 8.2 7.9
Govt Subs FX Yield 5.3 5.8 6.1 6.1 6.2 6.1
50,1 48,6 46,7 44,1 41,7 -5.5 -16.8
Loan (KUR)
SME Non-KUR 42,5 41,5 40,8 41,0 40,6 -1.1 -4.7
SUBTOTAL 516,4 529,5 544,6 561,6 555,7 -1.0 7.6 LOAN COMPOSITION (IDR Tn)
Mortgage 54,5 55,3 56,5 58,5 60,1 2.8 10.3
634,3 650,8 671,4 695,1 695,2
Consumer
Personal Loan 44,5 46,0 48,3 50,6 52,1 3.0 17.0 120.0% 8 00.0
0.8% 0.9% 1.1% 1.3% 1.6%
Credit Card 12,9 13,1 13,5 14,0 14,2 1.8 10.4 100.0 % 70 0.0
17.8% 17.7% 17.8% 17.9% 18.5%
Others 0,9 1,0 1,2 1,5 1,8 22.3 96.8
80 .0% 60 0.0
14.6% 13.8% 13.0% 12.2% 11.8%
60.0 %
17.0% 16.3% 16.0% 15.8% 14.2% 500 .0
SUBTOTAL 112,9 115,4 119,5 124,5 128,3 3.0 13.6
40 .0% 4 00.0
Subsidiaries 5,0 5,9 7,3 9,0 11,2 23.7 121.8 20.0 %
49.8% 51.3% 52.1% 52.8% 53.9%
300 .0
Total 634,3 650,8 671,4 695,1 695,2 0.1 9.6 0.0 % 200 .0
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
Working Capital 365,3 383,5 398,8 407,6 391,6 -3.9 7.2
Subsidiaries Consumer Small Medium Corporate
Investment Loan 155,9 151,2 151,7 160,5 171,9 7.1 10.3
PT Bank Negara Indonesia (Persero) Tbk. Page 19
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Rp76.7 trillion loan disbursed in 1Q24, driven by top tier clients
QoQ LOAN MOVEMENT (IDR Tn) TOP 3 INDUSTRIES CONTRIBUTING TO QoQ LOAN GROWTH IN MAR-24
Outstanding Increase (IDR Tn) Quarter-on-Quarter
%
76.7 74.7 3.9
Corporate : 46.4 Tn Infrastructure 2.2 5%
Medium : 8.3 Tn
Enterprise : 4.1 Tn Trading 1.4 4%
687.9 Commercial : 4.2 Tn 686.0 Corporate
Small : 7.7 Tn
Social Services 1.2 7%
Consumer : 14.3 Tn
Dec 2023 Disbursment Install/Paid-Off Write-Off Mar 2024
YoY LOAN MOVEMENT (IDR Tn) TOP 3 INDUSTRIES CONTRIBUTING TO YoY LOAN GROWTH IN Mar-24
Outstanding Increase (IDR Tn) Year-on-Year
%
328.1 256.3
Trading 15.2 71%
15.6
Manufacturing 10.5 11%
Corporate : 195,6Tn
Corporate
Medium : 45,1Tn Electricity, Gas & Water 5.0 19%
Enterprise : 20,8Tn 686.0
629.8
Commercial : 24,3Tn
Small : 32,6Tn
Consumer : 54,8Tn
Mar 2023 Disbursment Install/Paid-Off Write-Off Mar 2024
PT Bank Negara Indonesia (Persero) Tbk. Page 20
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Highlight Initiatives
1Q2024 Financial Performance Highlight
Better asset quality drives lower provisioning charges
1Q23 1Q24 YoY (%) 1Q23 2Q23 3Q23 4Q23 1Q24 QoQ (%)
Interest Income 14,804 15,875 7.2 14,804 15,049 15,643 15,976 15,875 -0.6
Interest Expense (4,396) (6,485) 47.5 (4,396) (4,861) (5,083) (5,856) (6,485) 10.7
Net Interest Income 10,408 9,390 -9.8 10,408 10,188 10,560 10,120 9,390 -7.2
Premium Income Net 377 373 -1.0 377 405 418 460 373 -18.9
Fee income 3,233 3,913 21.0 3,233 3,700 3,547 4,304 3,913 -9.1
Recovery 1,138 1,154 1.4 1,138 645 1,170 2,077 1,154 -44.5
Operating Income 15,155 14,830 -2.1 15,155 14,938 15,695 16,961 14,830 -12.6
Operating Expense (6,503) (6,649) 2.3 (6,503) (6,289) (6,752) (8,234) (6,649) -19.2
Pre-Provision Income (PPOP) 8,652 8,181 -5.4 8,652 8,649 8,943 8,727 8,181 -6.3
Provisioning Charges (2,149) (1,744) -18.9 (2,149) (2,362) (2,199) (2,486) (1,744) -29.9
Non-Operational Inc/(Exp) (46) - - (46) (39) (70) 22 - -
Net Income before Tax 6,457 6,437 -0.3 6,457 6,248 6,674 6,263 6,437 2.8
Net Income 5,221 5,326 2.0 5,221 5,081 5,451 5,156 5,326 3.3
PT Bank Negara Indonesia (Persero) Tbk. Page 21
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Fee income breakdown
BREAKDOWN NON-INTEREST INCOME (IDR Bn) FEE INCOME FROM BANKING ACTIVITIES GREW BY 10.1% YoY
FEE INCOME 1Q23 2Q23 3Q23 4Q23 1Q24 QoQ - % YoY - % 3,215 3,671 3,396 4,170 3,215 3,815
Consumer Banking 1,652 1,744 1.695 1,866 1,717 -8.0 3,9 562
550 424
290 605
363 363 724
Account Maintenance 508 594 533 588 529 -10.0 4.1 589 483
430 430
ATM & e-Channel 348 365 371 382 369 -3.5 6.1
3,003 2,667
2,422 2,531 2,623 2,422
Debit Card Maintenance 136 137 138 138 135 -2.5 -0.8-
PPOB & Billpayment 72 76 76 76 83 10.5 16.6
1Q23 2Q23 3Q23 4Q23 1Q23 1Q24
Remittance 64 63 66 65 65 0.7 2.7 Other Fee Income Trading Activities Banking Activities
Card Business, Bancass, etc 526 508 511 617 536 -13.2 1.9
Business Banking 1,562 1,926 1,701 2,304 2,098 -8.9 34.3 KEY FEE INCOME GROWTH CONTRIBUTORS
Trade Finance 327 291 354 321 320 -0.4 -2.2
Marketable securities 223 406 224 364 312 -14.2 39.7 Syndication FX Trading Marketable
FX Trading, Revaluation & Securities
Derivatives
188 302 198 332 412 24.0 119.0
Pension Fund 62 156 53 53 55 3.7 -10.7 119.0%
39.7%
Syndication 158 104 261 432 285 -34.1 80.4 80.4%
412
Share Investment, Custody, 312
Coop Fee, Etc
604 668 611 801 714 -10.8 18.3 285
223
Total Non-Interest Income 158 188
3,215 3,671 3,396 4,170 3,815 -8.5 18.7
(Bank Only)
Other Subsidiaries 19 29 150 135 98 -27.5 435.7
1Q23 1Q24 1Q23 1Q24 1Q23 1Q24
Total Non-Interest Income
3,233 3,700 3,547 4,304 3,913 -9.1 21.0
(Consolidated)
PT Bank Negara Indonesia (Persero) Tbk. Page 22
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1Q2024 Financial Performance Highlight
Discipline opex spending
OPEX COMPOSITION (IDR Bn) COST TO INCOME RATIO & COST TO ASSET BANK ONLY - %
OPERATING EXPENSES 1Q23 2Q23 3Q23 4Q23 1Q24 QoQ - % YoY - %
Personnel Expenses 3,122 2,653 3,098 4,009 3,159 -21,2 1.2 43.9 44.2
43.3 42.6 42.9 43.2
42.5 41.7
Base Salary 1,121 995 1,088 1,094 1,189 8,7 6.0
Other Allowance 763 753 1,113 1,834 822 -55,2 7.6
2.5 2.6 2.6 2.5 2.5 2.5 2.5 2.4
Post Employee Benefits 1,018 616 561 589 858 45,7 -15.7
Training 24 67 83 172 24 -86,1 -0.1
2018 2019 2020 2021 2022 2023 1Q-23 1Q-24
CIR
Subsidiaries 195 222 253 320 267 -16,8 36.5 CIR Cost to Asset Cost to Asset
G&A Expenses 1,782 1,874 1,907 2,337 1,706 -27,0 -4.2
IT & Telecommunication 327 344 381 421 275 -34,7 -15.9 QUALITY OVER QUANTITY
Occupancy Related 183 186 181 208 153 -26,7 -16.7
PERSONNEL EXPENSES NUMBER OF
Promo Sponsor 170 242 201 383 165 -57,0 -3.3 (IDR Bn] EMPLOYEE
Headcount priority
toward business &
Transport & Travel 54 50 64 94 52 -44,5 -3.0
digital units
1.2%
1.2%
Goods, Prof. Services & Others 953 923 921 1,086 940 -13,5 -1.3
Subsidiaries 95 129 159 144 122 -15,2 28.8
Result-oriented 3,122 3,159
27,108 27,442
reward scheme
Other Expenses 1,495 1,638 1,628 1,776 1,641 -7,6 9.8
calibration to retain
and attract top
Other Subsidiaries 105 124 120 111 143 28,4 36.7 talents
1Q23 1Q24 Mar 23 Mar 24
Total Operating Expenses 6,503 6,289 6,752 8,234 6,649 -19,2 2.3
PT Bank Negara Indonesia (Persero) Tbk. Page 23
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1Q2024 Financial Performance Highlight
Sound Balance Sheet Profile
GROWTH - %
CONSOLIDATED BALANCE SHEET (IDR Bn) MAR-23 JUN-23 SEP-23 DEC-23 MAR-24 QoQ YoY
Total Assets 1,012,363 1,025,091 1,009,309 1,086,664 1,066,715 -1.8 5.4
Placement with other banks & BI 60,099 67,837 21,476 43,794 29,921 -31.7 -50.2
Current Account with Bank Indonesia 52,069 47,075 61,361 65,256 52,699 -19.2 1.2
Marketable Securities [market value] 30,823 32,325 34,576 37,408 41,238 10.2 33.8
Government Bonds [market value] 123,018 121,408 123,018 127,100 131,033 3.1 6.5
Loans (gross) 634,326 650,770 671,371 695,085 695,162 0.1 9.6
Third Party Funds 743,729 765,009 747,595 810,730 780,230 -3.8 4.9
CASA 512,542 532,339 512,890 577,478 543,504 -5.9 6.0
• Current Account 285,076 301,766 290,501 345,496 309,546 -10.4 8.6
• Saving Account 227,466 230,574 222,389 231,981 233,958 0,9 2.9
Time Deposits 231,187 232,670 234,705 233,253 236,726 1,5 2.4
Deposits from other Banks 21,753 15,226 13,599 11,894 12,825 7,8 -41.0
Marketable Securities Issued 21,485 21,482 21,875 21,822 22,348 2,4 4.0
Borrowings 34,597 26,081 26,008 30,950 31,256 1,0 -9.7
Shareholders’ Equity 145,063 143,474 147,218 154,733 149,702 -3.3 3.2
Disclaimer: Since Jun-22, BNI has consolidated Bank Mayora as subsidiary
PT Bank Negara Indonesia (Persero) Tbk. Page 24
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Highlight Initiatives
1Q2024 Financial Performance Highlight
Maintain a healthy CASA level
THIRD PARTY FUNDS (IDR Tn) THIRD PARTY FUNDS COMPOSITION
(IDR Tn)
GROWTH - %
SEGMENT MAR-23 JUN-23 SEP-23 DEC-23 MAR-24 743,7 765,0 747,6 810.7 780.2
QoQ YoY 120.0% 915.0
8 15.0
100.0 %
CASA 512.5 532.3 512.9 577.5 543.5 -5.9 6.0
715.0
80 .0%
31.1% 30.4% 31.4% 28.8% 30.3% 615.0
515.0
Current Account 285.1 301.8 290.5 345.5 309.5 -10.4 8.6
30.6% 30.1% 29.7% 28.6% 30.0%
60.0 % 4 15.0
315.0
Saving Account 227.5 230.6 222.4 232.0 234.0 0,9 2.9 40 .0%
215.0
38.3% 39.5% 38.9% 42.6% 39.7%
115.0
20.0 %
Time Deposit 231.2 232.7 234.7 233.2 236.7 1,5 2.4 15.0
0.0 % -85.0
Third Party Funds 743.7 765.0 747.6 810.7 780.2 -3.8 4.9 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
Current Account Saving Account Time Deposit
CASA Ratio* 68.9% 69.6% 68.6% 71.2% 69.7% -1.5 0.8
*Consolidated
COST OF THIRD-PARTY FUNDS (%) – BANK ONLY STICKY CASA STRATEGY BY FOCUSING ON TRANSACTION
5.18 Mobile Banking and Cash Management Transaction Value increased
4.65
4.20 contributed significantly to CASA significantly YOY
3.97
3.32 3.41
2.90 2.79
As of March - 24:
Mobile
IDR 347 Tn
2.47 2.54
2.35 2.35 2.25
2.07 Banking
1.59 1.75 1.87
2.59 +36% YoY
1.46 2.37
68% 89%
1.38 1.40
2.09
1.80 1.77
1.38 1.40 1.52
1.28 1.33
0.56 0.61 0.61 0.56
0.68 0.58 0.55 0.58 0.63 0.67
retail saving balance wholesale Current
Cash
IDR 1,608 Tn
2021 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 comes from mobile apps Account balance from
users cash management users Management
+11.6% YoY
Current Account Saving Account Time Deposits Cost Of Third Party Fund
PT Bank Negara Indonesia (Persero) Tbk. Page 25
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Management Financial Digital
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1Q2024 Financial Performance Highlight
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%
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%
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
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%
91.3% 92.4% 92.8% 93.9% 94.1%
92.8% 92.3% 91.5% 92.3% 91.9% 92.1% 92.3%
91.6% 96.6% 88.1% 91.2% 90.9% 89.5%
88.8% 89.7%
93.2% 88.7% 87.2% 88.4% 88.8%
91.4% 86.3% 87.7% 87.4% 89.0%
89.8% 90.1% 85.3% 85.2% 84.2% 90.1%
88.3% 88.6% 87.8% 83.1% 88.5% 87.0%
88.0% 89.8%
87.6% 86.3% 86.2% 85.9% 85.1% 85.8% 85.4% 85.2% 85.8%
85.1% 79.7%
80.9% 82.0% 82.5%
76.9% 77.5% 76.9% 75.1%
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
IDR FX Total
PT Bank Negara Indonesia (Persero) Tbk. Page 26
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1Q2024
Asset Quality
Page 29
Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Asset Quality
Loan at Risk remains low (bank only)
LOAN AT RISK (IDR Tn) CURRENT RESTRUCTURED LOAN (IDR Tn)
130,3 121,1 119,4 102,8 102,4 103,8 95,8 89,0 91,4 80,5 73.5 74,0 62,2 57,3 59,9 50,6 40,5 39,7
22.1% 19.6% 19.3%
120.0%
16.0% 16.3% 16.1% 14.4% 12.9% 13.3%
120.0%
13.6% 12.0% 12.0% 9.7% 9.1% 9.3% 7.6%
25.0% 25.0%
5.9% 5.8%
7.6% 6.7% 7.4% 6.2% 6.3% 7.5% 7.0%
100.0 % 100.0 %
8.3% 8.4% 7.8% 8.4% 9.2% 8.7% 9.3% 8.7% 9.4% 5.0%
8.0% 7.9% 5.0%
14.7% 14.6% 13.8% 14.5% 14.7% 14.3% 13.7% 14.4% 17.1% 15.1% 16.7% 15.3% 13.5% 15.1% 17.4% 15.4%
80 .0%
15.0% 80 .0%
18.1%
-15.0% -15.0%
21.4% 20.8% 23.3% 23.3% 18.5% 18.9%
30.5% 29.6% 28.3% 28.1% 27.6% 25.6% 25.1% 27.7% 27.8% 26.2%
60.0 %
-35.0%
60.0 %
30.3% 29.8% -35.0%
40 .0% 40 .0%
-55.0% -55.0%
51.4% 56.2% 55.5% 57.0% 55.2% 56.5% 58.7%
20.0 %
46.4% 47.3% 50.1% 49.0% 48.4% 50.6% 20.0 %
43.6% 45.5% 50.5% 47.6% 51.0%
-75.0% -75.0%
0.0 % -95.0% 0.0 % -95.0%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-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)
29,4 28.1 26,6 22,6 27,7 28,1 30,1 33,8 37,8 20,5 19,5 18,8 18,0 17,4 15,8 15,1 14,7 13,9
5.0% 5.5%
4.6% 4.4% 4.4% 4.5% 4.9% 3.5% 3.2% 3.0% 2.8% 2.8%
4.3% 2.5% 2.3% 2.1% 2.0%
3.5%
7.7% 8.9% 9.1% 8.3% 11.1% 10.8% 11.2% 7.6% 9.3% 10.5% 10.9% 10.4% 10.4% 11.9% 14.0% 15.7% 14.7% 16.2%
7.6% 8.4% 8.6% 6.5%
10.0% 12.8% 11.1% 10.0% 11.7%
14.5% 14.2% 13.9% 14.0% 13.2%
16.0% 19.9%
24.6% 20.9% 15.0% 22.7% 20.5% 23.3%
24.6% 23.3%
22.6% 21.1%
25.1%
40.1% 36.2% 37.5% 38.2% 36.3%
39.7% 41.5%
38.6% 41.8%
70.0% 65.6%
60.2% 58.1% 57.5% 62.1% 56.6%
49.3% 53.8%
37.7% 38.8% 38.2% 37.5% 38.6%
26.4% 23.0% 23.3% 18.7%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
Corporate Medium Small Consumer SML Ratio Corporate Medium Small Consumer NPL Ratio
PT Bank Negara Indonesia (Persero) Tbk. Page 28
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Asset Quality
Sufficient Provisioning in line with our risk appetite (bank only)
PROVISIONING FOR LOAN (IDR Tn)
IDR Tn
3.9 1.7
Prov Charges for loan
(net*)
46.9 43.0 46.0
Loan Provision - Dec 2023 Write Off Q1 2024 Loan Provision - after Provision Build Up Loan Provision - Mar 2024
write off *after deducting loan remedial
IDR 1,3Tn
NPL % 2.1% 2.0%
NPL Coverage % 319.0% 330.2%
LAR % 12.9% 13.3%
LAR Coverage % 52.7% 50.4%
Notes: Figures are on bank only basis.
1) LAR ratio = Special Mention loans + NPL + Total Current Restructured Loans
PT Bank Negara Indonesia (Persero) Tbk. 2) NPL Coverage Ratio = Allowance for Impairment Losses divided by NPL amount. Page 29
3) LAR Coverage Ratio = Allowance for Impairment Losses divided by LAR amount
Page 31
Management Financial Digital
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1Q2024 Asset Quality
Loan at Risk & Provision Coverage
NPL & NPL COVERAGE RATIO COC BY SEGMENT – BANK ONLY
2.8% 2.5% SEGMENT 1Q-23 2Q-23 3Q-23 4Q-23 1Q-24
2.3% 2.1% 2.0%
Corporate -0.7% 0.1% 0.3% 0.3% -0.6%
Medium 2.2% 3.3% 1.5% 2.7% 2.3%
324.5% 330.2%
319.0% Small 6.2% 2.5% 3.3% 3.6% 5.2%
308.8%
286.8%
Consumer 2.4% 3.0% 2.5% 2.2% 2.1%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
CoC % - Bank wide 1.4% 1.5% 1.3% 1.4% 1.0%
NPL Coverage Ratio NPL ratio
LAR & LAR COVERAGE RATIO ASSIGNED LOAN LOSS RESERVE BY COLL & STAGE
MAR-24 MAR-24
16.3% 16.1% 14.4% COLLECTABILITY STAGE
12.9% 13.3% AMOUNT AMOUNT
LLR % LLR %
(IDR Tn) (IDR Tn)
Current – Normal 594,5 0,9 Stage 1 583,9 0,7
LaR 91,4 44,7 Stage 2 71,4 27,0
48.9% 51.1% 52.7% 50.4%
47.1%
Current Restructured 39,7 23,7 Stage 3 30,7 74,3
Collectability 2 (SML) 37,8 58,3 All Stage 686,0 6,7
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
NPL 14,0 67,8
LAR Coverage LAR Ratio
All Collectability 686,0 6,7
Notes: Figures are on bank only basis.
1) LAR ratio = Special Mention loans + NPL + Total Current Restructured Loans
2) NPL Coverage Ratio = Allowance for Impairment Losses divided by NPL amount.
3) LAR Coverage Ratio = Allowance for Impairment Losses divided by LAR amount
PT Bank Negara Indonesia (Persero) Tbk. Page 30
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1Q2024 Asset Quality
LAR by Segment, Write Off & Recovery
SPECIAL MENTION LOAN BY SEGMENT – BANK ONLY LOAN AT RISK BY SEGMENT –BANK ONLY
SEGMENT SEP-22 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 MAR-24 SEGMENT SEP-22 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 MAR-24
Corporate 5.0% 4.3% 4.3% 4.5% 4.9% 6.4% 6.6% Corporate 19.3% 15.3% 15.4% 15.7% 13.6% 13.3% 13.5%
Medium 5.8% 4.2% 6.5% 6.0% 5.9% 4.9% 5.7% Medium 33.1% 27.0% 27.6% 26.2% 23.6% 18.7% 19.3%
Small 2.8% 2.0% 4.3% 4.0% 3.8% 2.6% 4.6% Small 16.5% 15.5% 16.6% 16.9% 16.5% 14.4% 16.0%
Consumer 2.3% 1.7% 2.7% 2.6% 2.8% 2.1% 2.8% Consumer 8.8% 7.9% 8.3% 7.8% 7.5% 6.2% 6.7%
Total SML- % 4.3% 3.5% 4.4% 4.4% 4.5% 4.9% 5.5% Total LAR- % 19.3% 16.0% 16.3% 16.1% 14.4% 12.9% 13.3%
Total SML- IDR Bn 26,589 22,606 27,702 28,130 30,106 33,812 37,774 Total LAR- IDR Bn
119,404 102,839 102,417 103,840 95,789 89,007 91,424
NON-PERFORMING LOAN BY SEGMENT – BANK ONLY WRITE OFF & RECOVERY – BANK ONLY
14,390
SEGMENT SEP-22 DEC-22 MAR-23 JUN-23 SEP-23 DEC-23 MAR-24
10,884
Corporate 2,3% 2,1% 2,1% 1,2% 1,0% 0.9% 0,7% 35.8%
43.1%
10,068
27.6% 30.3%
35.9%
Medium 6,5% 6,1% 5,9% 5,9% 5,4% 5.6% 5,9%
6,680 30.3%
5,174
Small 2,7% 2,6% 2,5% 3,5% 3,9% 3.5% 4,0% 3,898 3,921
2,702
3,047
1,846
Consumer 1,9% 1,7% 1,8% 1,9% 2,0% 1.7% 1,8% 1,165 1,188
Total NPL- % 3.0% 2.8% 2.8% 2.5% 2.3% 2.1% 2,0% 2022 1Q-23 1H-23 9M-23 2023 1Q-24
Total NPL- IDR Bn 18,836 18,031 17,449 15,820 15,091 14,710 13.960 Write Off (Rp Bn) Recovery (Rp Bn) Recov. to Write Off Ratio
31
PT Bank Negara Indonesia (Persero) Tbk. Page 31
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1Q2024
Digital
Initiatives
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Management Financial Digital
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1Q2024 Digital Initiatives
We’re
triumphing E-channel Supports
IDR 142 Tn Trx Volume
Instead of focusing on a particular product, ATM
13,405 ATMs
BNI believes in empowering digital
solutions for every needs. Internet
Banking
IDR 5.1 Tn Trx Volume
2.2 million users
IDR 24.29 Tn
SMS IDR 2.9 Tn Trx Volume
Acquiring trx in Mar-24 Banking 12.7 million users
IDR 11.13 Tn Empowering 240,000+ Merchants
with simple & low-cost QRIS
Trx volume in Mar-24 solution
+194.260 Agents to tap the unbanked BNI Open API Ecosystem
segments
4,000++ Partners
280 API Services
Best in class – open banking
IDR 347.07 Tn IDR 590 Bn IDR 1,608 Tn ecosystem
Transaction in Mar-24 Trx volume in Mar-24 Transaction value
Surpassing ATMs’ as dominant
banking channel for customers With 12.3 million cards in A solid digital solutions for
circulations business banking clients
PT Bank Negara Indonesia (Persero) Tbk. Page 33
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Highlight Highlight Initiatives
1Q2024 Digital Initiatives
Poised to be the Main Banking Channel for Customers
# REGISTERED USERS TRANSACTION
(in Mn) FREQUENCY (in Mn)
The 1st overall E-Banking Best Product and Business
and 1st Phone Banking in the
National Banking Industry
Model of BNI Mobile
Banking Innovation 18.5 % 53.9 %
YoY YoY
MOBILE APPS TRANSACTION VALUE
HAS SURPASSED ATM’S
Quarterly Transaction Value (Rp. Tn)
318
16.9
347 14.3 207
331 341 11.5 127
288
255
234 Mar-22 Mar-23 Mar-24
209 206 211 Mar-22 Mar-23 Mar-24
188 192 190 196 174 174 165 193
160 168 178 170 165 167 158
149 163 154 151 142
131 138
103 114 117 AVERAGE DAILY MOBILE
TRANSACTION
BANKING TRANSACTION
VALUE (in IDR Tn)
FREQUENCY (in Mn)
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
A FRESH NEW LOOK ATM Mobile Banking
35.9 % 63.1 %
LAUNCHED IN YoY YoY
SEPTEMBER 2023
BEST-IN-CLASS MOBILE BANKING APP LEADS
TO MORE STICKY USERS 347 3.49
255 2.14
# of Transaction per Avg. Transaction Retention Rate 165 1.41
Ratings* Ratings* Active user per Month Value (Rp. Mn) (%)**
Mar-22 Mar-23 Mar-24 Mar-22 Mar-23 Mar-24
4.7/5.0 4.6/5.0 91.0 91.0
16.5 20.8
1.09
Mar-23 Mar-24 Mar-23 Mar-24 BNI Mobile Banking usage is growing significantly, both from Amount
of Registered users and Transaction Frequency.
*Data as of 31 December 2023
**% of users who return to perform' transactions from the previous month
PT Bank Negara Indonesia (Persero) Tbk. Page 34
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Digital Initiatives
BNI Mobile Banking Super Apps Ecosystem
We are accelerating digital services beyond transactions
Through BNI Mobile Banking, we continue to expand our services leveraging our ecosystems (BNI Group,
One Stop Comprehensive
Retailers, and Global Partners), to respond (to each) customer demands in this modern digital banking era. We
Financial Solutions for
Everyday Needs aim to help customers progress from only conducting basic transactions to achieving their financial goals.
with more than 6.500 Billers
ALL IN ONE DIGITAL WEALTH DIGITAL LIFESTYLE
MANAGEMENT
Student Harbor Pension
Insurance
Payment Payment Saving
Railink
LPG Water Utility
Voucher Voucher eVoucher Phone & Data
Train Electricity Mutual Saving Bond Games Streaming Package
Funds Retail & Secondary
Bond
Migrant Hajj Airplane
Tax
Workers Savings Agent
Leading Leading
Transport Company Flight Operator Event
Samsat KCIC (Whoosh) Booking tiket skyavenue
eWallet
Police
Telco Mobile Data FX Transactions Investment BNI BNI Asset BNI Life tiket Java Jazz
and Remittance Portfolio Sekuritas Management Taxi Airlines
*
Transfer
Internet State Multifinance …. Etc.
Subscription Revenue
DIGITAL LOAN & CREDIT CARD PERSONAL FINANCIAL
MANAGEMENT
Value Added Services
Spending
Sourc of Fund My Credit Kartu Consumer Life Goals History Budgeting
* Consolidated
Crdit Card Card Kredit
Indonesia
Loan Tracking
* Transaction Statement
Auto Debit Digital Gift for Digital Invoice Debit Online
for Recurring Special Moment for Individual for Global
Transaction SME Transaction
IT’S ALL ABOUT EXPERIENCE
EXPERIENCE & ENGAGEMENT
& ENGAGEMENT BRANCH ACTIVITIES
International Time Deposit Remittance Cardless
Diaspora Transfer Transaction
Opening Account
Deeper Secure, Robust Fast Integration Human
Analysis Resilient, Business with Open Centric Seamless Digital Debit Card Request
Customer Reliable Process Ecosystem Design Account Opening & Delivery
Providing services beyond transactions Behavior
*Coming Soon
PT Bank Negara Indonesia (Persero) Tbk. Page 35
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Digital Initiatives
Leveraging AI to enhance customer journey and engagement
Our data-rich environment provides unique opportunities Powered Data With AI Positive impact on the customer
journey and engagement
Transaction Profile/
Demography Discover untapped Positive result in mobile banking
potential of priority engagement
groups
Number of Volume of
transaction transaction
Users with AI-
generated
4.4x
occurred in all occurred in all » Identify & evaluating the
personalization
performance of customer-related
channel channel activities within a business
programs have an IDR
average savings 4.9
~371k/h IDR 1.5 Tn/h » Analyzing individual user behaviors balance 4.4x IDR 1.1
Mn
Mn
and preferences higher
Interaction » Identifying trend and market shift
without AI Guided Journey
with AI
Data Organic Data Ecosystem Growing Data Personalized and
Growth Storage targeted Presenting Opportunities from
Product &
recommendation Wholesale Client
Portfolio
25% yoy 1,950 TB
*2023-2025 Supplier & Buyer Customer
» Provide AI-generated customers Performance
Potential
churn propensity score Tracker for Credit
Source System » Clustering customers into a Winback Assessment
integrated into quadrant based on their potential Outflow Directing
Big Data and churn propensity Transaction to Customer Retention
Non-BNI
60 » Deliver tailor-made
recommendations based on Cross-Selling Personalize
source Channel customers preferences and behavior Recommendation
Client Behavior (next best offer)
Preference
PT Bank Negara Indonesia (Persero) Tbk. Page 36
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Digital Initiatives
Branchless Banking
EMPOWERING AGENTS WITH > 14.7K AGENTS ARE LOCATED IN FRONTIER,
SOLID CONTRIBUTION TO FINANCIAL INCLUSION
POWERFUL MOBILE AGENT APP REMOTE AND DISADVANTAGED AREAS
194K Agents
7.4k
3.9k
+13.6% yoy 3.4k
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 1Q 2024
Friendly Services % chargeable transaction to total transaction in Agen46
BNI AGEN46 IMPROVES THE QUALITY OF LIFE
Realtime Sharing Financial Report AND PRODUCTIVITY OF MSMES
Fee for Agents Transaction TRANSACTIONS AT AGEN46 BY TYPE
More Additional Linked to BNI Grocery store, bundled with all-in-
Features, Promo Digital Loan 12% Cash Withdrawal
& Information e-Form (KUR Mikro)
one financial services of Agen46 5%
Phone Billing
• Increase Customer Traffic 41%
11%
• Commission-based income for 22,6 Million BNI Transfer
Online Account (1Q 2024)
Opening, Cash facilitated transactions Interbank Transfer
Withdrawal & Deposit
31% Others (Incl Cash Deposit, Top Up E-wallet)
PT Bank Negara Indonesia (Persero) Tbk. Page 37
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Digital 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 :
PT Bank Negara Indonesia (Persero) Tbk. Page 38
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Digital Initiatives
Solid Digital Solutions for Business Banking Clients
AMPLE ROOM FOR GROWTH #USER (in 000)
BNIDIRECT WEB & MOBILE API SERVICES 8.7%
73%
• Strong penetration rate in Corporate clients: YoY
of total transaction value comes from Corporate Clients 153.3
• Corporate Clients’ transaction value increased by 10% YoY 141.1
Mar-23 Mar-24
TRANSACTION VALUE (in IDR Tn)
11.6%
Various digital channels YoY
to help customers make 1,608
transactions whenever, 1,441
wherever
1Q23 1Q24
Payment Management Value Chain Management #TRANSACTION (in Mn)
ONLINE BANK FINANCIAL SUPPLY
GUARANTEE CHAIN MANAGEMENT 9%
Collection Management Open Banking Solution
YoY
174
173
Liquidity Management
1Q23 1Q24
PT Bank Negara Indonesia (Persero) Tbk. Page 39
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Digital Initiatives
Spur Innovation for the clients’ convenience
Comprehensive digital solutions AMPLE ROOM FOR GROWTH
Online Account Opening
Transfer E-Payroll Billing
E-Tax
Management Payment Opening of BNI’s Current Account
digitally
Providing exceptional new
Giro Multi Currency
features for business banking
Liquidity BNI Trade Information Virtual Multiple currencies within one
clients’ comfort Management Online Management Account
current account
Management
BNIDirect KCLN
BNI POPS SCPay Pension Report Making transactions using
Fund BNIDirect, anywhere in the world
In making transactions
…. Etc.
Mass Payment Request Financial Supply
Financing Chain
Management UPCOMING CAPABILITIES
Leading features of BNIDirect
Single sign on Financial Online onboarding
Collection Management dashboard
Collecting payments from clients/buyers
through a pooling account
e-FX e-Tax Investment Chatbot Lite Version
Forex transactions Tax payments
made easier
PT Bank Negara Indonesia (Persero) Tbk. Page 40
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1Q2024
Business &
Consumer
Banking
Page 43
Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight Highlight Initiatives
1Q2024 Business & Consumer Banking
High quality growth on business banking
GROWTH (%) NPL (%)
BUSINESS BANKING (IDR Tn) MAR-23 JUN-23 SEP-23 DEC-23 MAR-24 QoQ YoY
COMP (%) MAR-23 JUN-23 SEP-23 DEC-23 MAR-24
Manufacturing 130.2 132.7 135.9 140.9 139.9 -0.7 7.4 25.2 4.3 2.6 2.5 3.2 2.6
Trading, Resto & Hotel 99.4 103.2 109.5 111.4 110.0 -1.3 10.8 19.8 5.1 5.1 4.7 3.2 3.3
Agriculture 54.4 53.9 55.0 56.0 54.1 -3.3 -0.4 9.7 1.1 1.4 1.5 1.5 1.5
Business Services 45.3 46.3 48.3 47.4 46.6 -1.8 2.9 8.4 2.4 2.2 1.5 2.3 3.1
Infrastructure 55.0 56.6 54.7 54.5 56.2 3.1 2.1 10.1 2.0 2.0 2.0 1.6 1.3
Transport, Warehouse &
46.7 49.8 46.9 50.2 50.7 0.9 8.4 9.1 2.0 1.7 1.7 1.8 1.9
Communications
Social Services 23.0 23.3 24.0 25.6 26.4 3.4 15.0 4.8 1.4 1.9 1.7 1.6 1.2
Natural Resources 37.2 38.7 38.7 44.8 41.4 -7.7 11.1 7.4 1.2 1.2 0.3 0.4 0.3
Electricity, Gas & Water 23.8 22.1 28.9 27.6 27.2 -1.2 14.8 4.9 0.9 1.1 0.8 0.9 0.1
Others 1.4 2.9 2.7 3.2 3.2 0.3 121.0 0.6 1.8 0.8 0.1 0.1 0.1
TOTAL 516.4 529.5 544.6 561.6 555.7 1.0 7.6 100 3.0 2.6 2.3 2.2 2.1
ELECTRICTY, GAS & WATER NATURAL RESOURCES MANUFACTURING
30.0 28.9 27.6 15.0%
27.3 15.0%
23.8 100.0
25.0 145.0 140.8 15.0%
22.1 10.0% 80.0 139.9
10.0% 140.0
20.0 135.9
60.0 44.8 10.0%
38.7 38.7 41.4 135.0 132.7
5.0% 37.2 130.2
15.0 0.9% 1.1% 0.9% 40.0 5.0%
0.8% 0.1% 130.0
3.2% 2.6% 5.0%
10.0 0.0% 20.0 1.2% 1.2% 2.5%
0.3% 0.4% 0.3% 125.0
4.3%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 - 0.0% 2.6%
120.0 0.0%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
Amount NPL
Amount NPL
Amount NPL
PT Bank Negara Indonesia (Persero) Tbk. Page 42
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1Q2024 Business & Consumer Banking
Consumer Business
PRODUCT GROWTH NPL (%)
MAR-23 JUN-23 SEP-23 DEC-23 MAR-24 COMP (%) NPL MOVEMENT - %
(IDR Tn) YOY MAR-23 MAR-24
Mortgage 54.5 55.3 56.5 58.5 60.1 10.3% 46.9 2.8 2.6
3.0 2.9 2.9 2.9
2.8
Personal Loan 44.6 46.0 48.3 50.6 52.2 17.0% 40.6 0.7 0.8 2.6 2.6 2.6 2.6
2.2
Credit Card 12.9 13.1 13.5 14.0 14.2 10.4% 11.1 1.6 1.7
1.7 1.6 1.7 1.7 1.7 1.7
1.6 1.6
Others 0.9 1.0 1.2 1.4 1.8 96.8% 1.4 0.1 0.1
1.1 1.1 1.0 0.9
Total 112.9 115.4 119.5 124.5 128.3 13.6% 100.0 1.8 1.8 0.7 0.8 0.8 0.8
0.7
0.5
0.2 0.1 0.2 0.2 0.1 0.1 0.1
0.5
AMPLE ROOM FOR GROWTH FOR PERSONAL LOAN Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24
Mortgage Payroll Loan Credit Card Others
3,796 3,705
3,426 3,510 3,529
3,392
2,724 PERSONAL LOAN DEBTORS COMPOSITION MAR-24
2,302
1,894 308 312
281 295
261 269
234
185
20.5%
130
40.3%
4.2%
2016 2017 2018 2019 2020 2021 2022 2023 Mar 2024 IDR 52.1 Bn
11.2%
Number of Payroll Account [Thousand] Number of Payroll Loan Account [Thousand]
23.7%
.. Personal loan as main driver of growth focused on selected
institutions based on the captive market .. Government Related SOE Private Companies Universities Other
PT Bank Negara Indonesia (Persero) Tbk. Page 43
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Management Financial Digital
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Highlight Highlight Initiatives
1Q2024 Business & Consumer Banking
Well-established brand and strong consumer banking franchise
MARKET SHARE IN KEY PRODUCTS
Mortgages Personal Loan Credit Card
8.4% 12.8% 15.0%
TOP-3 TOP-4 TOP-3
Extensive Domestic Lifetime Banking Partner Advisory & proximity IT & digitalization
Network Proposition
PT Bank Negara Indonesia (Persero) Tbk. Page 44
Page 46
1Q2024
ESG
Page 47
Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight
1Q2024 ESG Highlight Initiatives
Best In Class ESG
Five Pillars of Sustainability, Aligning Business First Mover and continue to be at the forefront of affecting
to UN SDGs sustainable finance
• Developing ESG Framework as well as Net Zero Emission (NZE)
targets
BNI FOR INDONESIA
Running the company’s business by integrating BNI is making • Strengthening sustainability implementation in the company
through ESG Sub-Committee. and dedicated ESG Management
economic, social, environmental and governance good progress
aspects Department
on its ESG
ambition • Maintaining MSCI ESG at “A” as well as Medium risk of Sustainalytics’
ESG Risk Rating with a score of 21.4
BNI FOR CUSTOMERS • Adapting International ESG Reporting Standards
Providing excellent services, digital solutions,
security, and privacy protection for all customers
• Responsible financing to sustainable business activities including
green portfolio amounted to Rp177.3 Tn or 26% of total loan
We commit to • Conducting the initial phase of Climate Risk Stress Testing (CRST)
BNI FOR THE ENVIRONMENT to coal mining, palm oil plantation, and pulp & paper. Currently,
participate in
BNI is preparing the CRST process for a wider scope, at least 50%
Improving environmental quality in line with the climate of loan portfolio.
business development action
• Pioneer in the banking industry in Promoting Electric Vehicles
and its ecosystem
• Green Office Culture (BNI Go Green)
BNI FOR THE COMMUNITY
Increasing awareness and responsibility to all
levels of society in line with business
development. • Respectable Good Corporate Governance practices
Responsible • Fair operating, human rights, and labor practices
Business • Zero data breach with high standard of customer data privacy
BNI FOR EMPLOYEES Operations and security protection
Providing the best conditions for employees • Zero tolerance for fraud and financial crimes
as a place of pride for work and accomplishment.
• Effective CSR Program
PT Bank Negara Indonesia (Persero) Tbk. Page 46
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight
1Q2024 ESG Highlight Initiatives
BNI ESG Framework
ENVIRONMENT SOCIAL
Adoption of TCFD (Task Force on
S
Climate-Related Financial Disclosure) Increasing employee engagement
guidelines for climate risk management.
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 Medium term focus Long term focus
• 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
PT Bank Negara Indonesia (Persero) Tbk. Page 47
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight
1Q2024 ESG Highlight Initiatives
Use of proceeds of 2022 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 87,26%
"Eligible Green Projects" in accordance with the
Green Bond Principles (related to 10 categories 77% of proceeds have
Amount IDR 5.0 Tn been disbursed
of green investment):
Renewable Sustainable IDR 5,0Tn according to green
Energy Transportation
bond project selection
Id(AAA) from Energy Climate Change
Rating criteria and BNI ESG
Pefindo Efficiency Adaptation
Committee review.
Waste to Energy and Sustainable
GREEN BOND INVESTORS BY Waste Management Water and
CATEGORY Wastewater 18%
Management 13% Sectorial distribution
Tenure : 3 Tenure : 5 Sustainable Natural Sustainable
of the proceeds
years Resources and Land Agriculture 53%
years
Use
5% 5% 8% Sustainable Transportation
Terrestrial and Aquatic Green Buildings
Biodiversity Green Building
Conservation
IDR 4,4Tn
Series A Series B Renewable Energy
52% 48% SUSTAINALYTICS OPINION ON 8%
Rp4.0 Tn Rp1.0 Tn
43% 47% GREEN BOND FRAMEWORK Waste to energy and
“BNI is adequately positioned to issue green bonds waste management
and that the Framework is robust, transparent, and Sustainable Natural
in alignment with the four core components of the Resources and Land Use
Bank Non Bank Retail Green Bond Principles 2021”
*) The BNI Green Bond Report 2024 and SPO are in progress
PT Bank Negara Indonesia (Persero) Tbk. Page 48
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight
1Q2024 ESG Highlight Initiatives
Environmental & social impacts of eligible assets financed by the issued
Green Bonds
Categories Projects Environmental Impact Alignment with SDGs
Solar Power Plant
Mini-Hydro Power Plants (MHPP)
Biogas Power Plants
The Jabodebek electric powered Light Rail
Transit (LRT)
Commercial & Office Building with Gold
Rating certificate from the Green Building
Council Indonesia (GBCI)
Various projects on paper, plastic, metal ash,
Waste to energy and
aluminum, and waste recycle
waste Management
Sustainable Natural Forest Concession Projects
Resources & Land Use
Source: BNI Green Bond Report 2023
PT Bank Negara Indonesia (Persero) Tbk. https://www.bni.co.id/Portals/1/BNI/Perusahaan/ESG/Docs/BNI-Green-Bond-Report-2023.pdf Page 49
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Management Financial Digital
03 17 28 Asset Quality 35 48 ESG
Highlight
1Q2024 ESG Highlight Initiatives
Promoting Sustainability Linked Loan (SLL) On Top of Sustainable
Portfolio
SUSTAINABLE PORTFOLIO IDR177.3 TN OR 26% OF TOTAL LOAN WE CONTINUE TO PUSH OURSELVES IN GLOBAL SUSTAINABILITY
(BANK ONLY) AGENDA BY INTRODUCING SUSTAINABILITY LINKED LOAN (SLL)
Economic sector total loan disbursed Sustainability
Socioeconomic Advancement of the debtor under the SLL scheme Performance Targets
and Empowerment (SPT)
Pollution Prevention
IDR 109.9 Tn IDR 2.7 Tn Poultry & Minimizing the
Through financing and empowerment of Agri-Food impact
micro and SME.
Manufacture of water pollution.
Renewable Energy Others ~ USD 312
(Sustainable water and Cement Achieving specific
IDR 11.7 Tn wastewater management, etc.)
Manufacture
mio
CO2 emissions.
Financing to hydro, solar & biogas power
IDR 26.5 Tn in total
plant
Improvement of ESG
Steel
scoring on annual
Manufacture
Environmentally sustainable management of living natural basis
resources and land use
IDR 26.3 Tn • Sustainability-linked loans (SLL) are starting to gain more interest
71% of our palm oil portfolio in corporate segment are already ISPO/RSPO certified • SLL encourages borrowers to achieve ambitious Sustainability Performance
Targets (SPT)
* sustainable portfolio is loan to business sectors that meet the requirements of The Sustainable Business Activities Category (KKUB) of OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 50
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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 0.1%
1.5% 3.8%
22.4%
Gambling
8.3%
& money 15.5%
29%
laundering
Politically 4.6%
Exposed Person
(PEP)
73.0%
71%
Trading protected 81.6% 96.2%
91.7%
animals Coal Trading Equipment Briquette
Coal others Mining Suppliers Industry
Palm Oil Plantation Refinery & Palm Oil Mill Trading RSPO and/ or In the certification
ISPO Certified process
* sustainable portfolio is loan to business sectors that meet the requirements of The Sustainable Business Activities Category (KKUB) of OJK
PT Bank Negara Indonesia (Persero) Tbk. Page 51
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Promoting Sustainability Linked Loan (SLL) On Top of Sustainable
Portfolio
TOP MANAGEMENT GOOD CORPORATE GOVERNANCE PRACTICES
The Board of Commissioners Protection of minority
One share, one vote shareholders and
6 out of 11 are independent
commissioners initiatives to foster their
Audit Committee Risk Monitoring
involvement
Committee
All Committees under BOC are
Nomination & Integrated chaired by an independent
Remuneration Governance commissioner Predicate as a “Leadership
Committee Committee ISO 37001:2016 in Corporate Governance”
The Board of Directors All BOD members are Concerning Anti Bribery Based on the 2022 ASEAN Corporate
Management System Governance Scorecard (ACGS) standard from the
independent from the controlling Indonesia Institute for Corporate Directorship
shareholder (IICD), improved from “Very Good”
BNI fosters and supports the principles of diversity, equality and non-
discrimination
17% (2 out of 12) BOD are
female BNI Code of Ethics Whistleblowing System
Annual Declaration
17% 50% 33%
distribution by age by 2023 Training/Socialization
<50 years old 50 - 55 >55 years old
PT Bank Negara Indonesia (Persero) Tbk. Page 52
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1Q2024 ESG Highlight Initiatives
Embodying Sustainability Culture
WE CONTINUE TO PUSH OURSELVES IN GLOBAL SUSTAINABILITY AGENDA
EMPLOYEE DIVERSITY
BY INTRODUCING SUSTAINABILITY LINKED LOAN (SLL)
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
19% 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.
2% 24% 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.
Gender
Women Men GREEN OFFICE CULTURE
31% 69%
• Green Building Certification by the Green Building Council Indonesia (GBCI) with
Note: Gold Certification for Menara BNI and Platinum Certification for Plaza BNI
1. Top Management defines as AVP, VP, SVP, EVP, and SEVP Level • Wastewater management systems in 2 HQ buildings (Menara BNI & Plaza BNI)
2. All figures stated as of Mar 2024 with the total number of full-time employees: equivalent to 40% of its total yearly water consumption
27.442 • Solar panel installation for the emergency exit in Plaza BNI
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
PT Bank Negara Indonesia (Persero) Tbk. Page 53
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As a systemic bank, BNI put heavy emphasis on IT & Digital Risk
Management
IT & DIGITAL RISK MANAGEMENT FRAMEWORK
Security Policy
IT &
Digital Risk Security Awareness to employees & customers
Management
Attack Simulation to employees
PEOPLE Dedicated Cybersecurity Staff
FRAMEWORK IT &
DIGITAL
RISK MANAGEMENT Security Assessment
PEOPLE – PROCESS - TECHNOLOGY
Cybersecurity Operation & Threat Management
Penetration Testing & Vulnerability Assessment
RISK MANAGEMENT
PROCESS Threat Intelligence
RISK CATEGORIES Cybersecurity & Data Protections
Cyber Compliance Third Party Resiliency Data Privacy
Multi-layer security on the infrastructure and network
Cloud Risk
Security Risk Risk Risk Risk Risk (firewall, IPS, WAF, Database Monitoring, multisite
TECHNOLOGY datacenter, DRC), application (Multi-factor
IT & Digital Risk Management Department Authentication, Encryption, Secure Software
Development Life Cycle, Mobile Application Protection),
end-point protection (Data Loss Prevention, Endpoint
IT RISK MANAGEMENT D I G I T AL R I S K M A N A G E M E N T Detection & Response, Antivirus, Hardening, USB Port
(ITRM) (DRM) blocking) and secure data transmission mechanism
(data encryption, secured Global File Exchange system,
Secure File Transfer Protocol/SFTP, Virtual Private
THEMATIC SOCIAL 3rd PARTY
Network/VPN, Secure Hypertext Transfer
TTX COMMANDER
REVIEW ENGINEERING CYBER RISK
DEFENSE
ASSESSMENT DIGITAL PRODUCT
ASSESSMENT
Protocol/HTTPs) to protect the customer data from
TECHNIQUE
CSIRT PROGRAM CVE
ROADMAP
POLICY &
PROCESS cyber threat.
COMMANDER ASSESSMENT METHODOLOGY
User Access Management
Identity access management (IAM), Single-sign on (SSO),
Standard & Best Practice Strategic Partner Privileged access management (PAM), Active directory
for end-point access security.
PT Bank Negara Indonesia (Persero) Tbk. Page 54
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1Q2024 ESG Highlight Initiatives
External Recognition of Our Best-in-Class ESG Practices
ASIA SUSTAINABILITY CNBC INDONESIAN
MSCI ESG RATING SUSTAINAYTICS
REPORT RATING 2023 AWARDS 2023
MSCI ESG Risk Rating Ranking
A 21.4
INDUSTRY
ESG RATINGS
GROUP 305 out of 1059
Medium Banks
Risk
UNIVERSE
Negl. Low Med. High Severe
CCC B BB BBB A AA AAA Global 5,555 out of 16,313
0-10 10-20 20-30 30-40 40+ Universe
Best Bank with ESG-Driven
Last Update: Last Update: Gold Rank GCG Commitment
26 March 2024 3 February 2024 6 November 2023 13 December 2023
SRI (KEHATI) INDEX CORPORATE GOVERNANCE THE 14TH IICD CORPORATE ASIA SUSTAINABILITY
IDX ESG LEADER INDEX PERCEPTION GOVERNANCE AWARD
Constituent of Sustainable REPORTING AWARDS 2023
1 of 30 Public Company Listed
Investment INDEX (CGPI) AWARD 2023 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
1 Dec 2023 – 31 May 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)
Pt Bank Negara Indonesia (Persero) Tbk. Page 55
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1Q2024
About BNI
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1Q2024 About BNI
Board of Director
ROKYE TUMILAAR PUTRATAMA WAHJU SETYAWAN *
President Director (CEO) Vice President Director
President Director, PT .Bank Mandiri (Persero) Retail Banking Director, PT Bank Negara Indonesia
Tbk (2019-2020) (2023 – 2024)
Director-Corporate Banking, PT. Bank Mandiri President Director, PT Jaminan Kredit Indonesia
(Persero) Tbk (2015, 2018) (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, SEVP Corporate Development & SEVP Remedial & Recovery, BNI (2023 – 2024)
PT. Bank Mandiri (Persero) Tbk (2020) Transformation, BNI (2020 – 2024) Commissioner, BNI Sekuritas (2022 - Now)
Group Head Accounting, PT. Bank Mandiri President Commissioner, Hibank Indonesia
(Persero) Tbk (2017-2020) (2023 – 2024)
DAVID PIRZADA AGUNG PRABOWO * RONNY VENIR
Risk Management Director Wholesale and International Banking Director Network and Services Director
SEVP Wholesale Risk, PT. Bank Mandiri President Director, BNI Sekuritas (2021 – 2024) SEVP Network, BNI (2019-2020)
(Persero) Tbk (2018-2020) Managing Director, UBS Investment Bank (2013 SEVP Medium Business, BNI (2018-2019)
Country Chief Risk Officer, Bank of Tokyo -2021)
Mitsubishi UFJ, Jakarta (2015-2018) Managing Director, Barclays (2012 – 2013)
MUNADI HERLAMBANG * CORINA LEYLA KARNELIES MUCHAROM
Institutional Banking Director Retail Banking Director Human Capital and Compliance Director
Institutional Relations Director, PT Jasa Raharja Digital & Integrated Transaction Banking Division Head of Corporate Communication &
(2021 – 2024) Director, BNI (2023-2024) Secretariat, BNI (2020 – 2022)
Finance, Human Capital & Risk Management Consumer Banking Director, BNI (2020 – 2023) Division Head of Strategic Planning, BNI (2017 –
Director, PT Wijaya Karya Bitumen (2019 – 2021) General Manager of Data Management & 2020)
TOTO PRASETIO Analytic Division, BNI (2019-2020)
Technology and Operations Director
SEVP IT, Mandiri (2019 – 2022)
Head IT Application Support, 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
PT Bank Negara Indonesia (Persero) Tbk. Page 57
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Board of Commissioner
PRADJOTO PAHALA NUGRAHA MANSURY
PRESIDENT COMMISSIONER/INDEPENDENT COMMISSIONER VICE PRESIDENT COMMISSIONER
Vice President Commissioner, PT. Bank Negara Minister of Foreign Affairs (2023 – present)
Indonesia (Persero) Tbk Vice President Commissioner, PT. Pertamina (Persero)
President Commissioner, PT. Panah Perak (2021 – 2023)
Megasarana (2018 – present) Vice Minister of State-Owned Enterprise (2020 – 2023)
Vice President Commissioner, PT. Bank Negara
Indonesia (Persero) Tbk (2015 – 2018)
SEPTIAN HARIO SETO ASMAWI SYAM
SIGIT WIDYAWAN
INDEPENDENT COMMISSIONER INDEPENDENT COMMISSIONER
INDEPENDENT COMMISSIONER
Acting Coordinating Deputy of Investment and President Commissioner, PT. Bank Tabungan
Independent Commissioner of PT Jasamarga
Mining (2020) Negara (Persero) Tbk (May – November 2019)
(Persero) Tbk. (2015 – present)
Special Staff of Coordinating Ministry of President Director, PT. Jiwasraya (Persero)
Director of PT Roda Pembangunan Jaya (2003-
Maritime and Investment Affairs (2018 – 2020) (August – November 2019)
2015)
President Director, PT. Bank Rakyat Indonesia
ERWIN RIJANTO SLAMET (Persero) (2015 – 2017)
IMAN SUGEMA
INDEPENDENT COMMISSIONER INDEPENDENT COMMISSIONER
FADLANSYAH LUBIS
Deputy Governor of Bank Indonesia (2015 – 2020) COMMISSIONER
Dean of Faculty of Economy, IPB University
Lecturer in Faculty of Economy, IPB University Executive Director of Financial System Surveillance Deputy Cabinet Secretary, Cabinet Secretariat
Commissioner, PT. Bank Tabungan Negara Department of Bank Indonesia (2013 – 2015) of the Republic of Indonesia (2021 - present)
(Persero) Tbk Director of Singapore Representative of Bank Deputy for Political, Legal and Security Affairs,
Indonesia (2010 – 2013) Cabinet Secretariat of the Republic of Indonesia
ASKOLANI (2015 - 2021)
COMMISSIONER MOHAMMAD YUSUF PERMANA*
COMMISSIONER ROBERTUS BILITEA
Director General of Budgeting, Ministry of
Finance (2013 - present) Commissioner of PT Bank Tabungan Negara COMMISSIONER
Director of Non-tax State Revenue, Director (Persero) Tbk (2023 – present)
Head of Protocol Bureau of the Presidential President Director, PT Bahana Pembinaan
General of Budgeting (2011-2013)
Secretariat, Ministry of State Secretariat of the Usaha Indonesia Persero (2020 – present)
Republic of Indonesia (2021 – present) Independent Commissioner, PT Bank Mandiri
(Persero) Tbk (2019 – 2020)
Executive Director, Deposit Insurance Agency
(LPS) (2012 – 2020)
Source: Corporate Website *In the OJK Fit and Proper Test, after being appointed at the AGM on 4 March 2024
PT Bank Negara Indonesia (Persero) Tbk. Page 58
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Network and Distribution
COMMERCIAL CONSUMER
BRANCHLESS SME BUSINESS OUTLETS
ATM BUSINESS LOAN CENTER EMPLOYEE
BANKING CENTER (SBE) (KC, KCP, KK)
CENTER (SKK)
Mar-24 194,260 Mar-24 13,405 Mar-24 19 Mar-24 26 Mar-24 12 Mar-24 1.780 Mar-24 27,442
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
70.1 million 23.6 million 2.0 million 238,264 352,459 599 2,471 349,389
FUNDING REGULAR SAVING CREDIT CARDS MORTGAGE BUSINESS BANKING CORPORATE MEDIUM LOAN SMALL LOAN
ACCOUNTS ACCOUNTS COSTUMERS DEBTORS DEBTORS DEBTORS DEBTORS
*Including overseas debtors
PT Bank Negara Indonesia (Persero) Tbk. Page 59
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1Q2024 About BNI
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
1Q23 2023 1Q24 YoY (%) 1Q23 2023 1Q24 YoY (%)
Mobile Banking # Agent 171,075 185,697 194,260 13.6%
Agent Fund (IDR Bn) 2,506 3,653 3,403 35.7%
#User (Th) 14,264 16,277 16,910 18.5
#Trx (Mn) 16.14 85.49 22.63 40.2%
#Trx (Mn) 207 1,043 318 64.8
Volume (IDR Tn) 14.36 59.91 11.13 -22.5%
Volume (IDR Tn) 255 1,216 347 35.9
#Pandai Account (Th) 20,010 20,021 20,026 0.8%
SMS Banking
Pandai Fund (IDR Bn) 1,195 1,119 1,019 -14.7%
#User (Th) 12,640 12,695 12,702 0.5
RELIABLE TRANSACTION PLATFORM TO SUPPORT
#Trx (Mn) 169 660 145 -14.4 THE CASHLESS SOCIETY
Volume (IDR Tn) 5 17 3 -40.1 ELECTRONIC MONEY & ACQUIRING
Internet Banking 1Q23 2023 1Q24 YoY (%)
2,189 2,217 2,225 BNI Tap Cash
#User (Th) 1.49
#Card (Th) 10,440 11,948 12,299 17.8%
#Trx (Mn) 4 14 3 -25.3
#Trx (Mn) 20 93 26 31.4%
Volume (IDR Tn) 8 30 5 -36.7
Volume (IDR Bn) 474 2,259 590 24.4%
ATM
Acquiring (EDC + QRIS + Online Merchant)
#Trx (Mn) 289 1,189 279 -3.6
#Trx (Mn) 57 270 98 74.0%
Volume (IDR Tn) 154 631 142 -7.9 Volume (IDR Tn) 21 87 24 13.7%
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1Q2024 About BNI
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 11%
Investment Manager that focuses on groups and start-ups.
Rank #4
20%
24%
Bancassurance and 18% Others
index mutual funds, environmentally
#11 Employee Benefits
business.
66% 62%
Investment
Banking Investment friendly and fixed income.
• Founded on April 2022
(in form of Gross Brokerage • Obtained OJK license
Written Premium) Banking Revenue
3% Mar-23 Mar-24
Rank #7 Rank #2 on January 2023
Formed on March 22, 2021, to expand
Top Product BNI Sekuritas proposition as a regional Asset Under Market share of Index
36%
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
Mar-24 61%
(Solusi Series, Hy End
Pro, and Steady
Protection)
financial markets.
5.4% 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
64% share of total financing
26%
17 May 2023
Rebranding as
Mar-24
hibank to support
the vision of
becoming Indonesia's
Total Deposit Total Loan 74% Number of Clients Dealer Partnership No of outlet financing
portfolio with a
39.0% 85.5%
Leading MSME
Digital Bank. ▲42% YoY ▲72% YoY ~ 102 K CIF 1,084 Dealer 33 Outlets tenor of 4-5 years
(Mar ’23) (Mar ’24)
(Rp6.9 T Rp9.8 T) (Rp4.2 T Rp7.2 T) SME Non SME
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Subsidaries Contribution to BNI Group
GROUP STRUCTURE TOTAL ASSET (IDR Tn) NET PROFIT (IDR Bn)
111.6
48.9
MULTIFINANCE SECURITIES LIFE INSURANCE REMITTANCE BANK VENTURE CAPITAL
39.4 78.6
1983 1995 1996 1996 2022* 2022
99.99% 75.00% 60.00% 100.00% 63.92% 99.98% Mar 23 Mar 24 1Q23 1Q24
*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%
535.6 552.5
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
1Q23 1Q24
Note:
- Total Contribution consist of Net Profit +Fee Income + Share Investments
PT Bank Negara Indonesia (Persero) Tbk. - Fee Income : Contribution of subsidiaries which is directly recorded as FBI in BNI (parent company) Page 62
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1Q2024 About BNI
Subsidaries Highlighted Performances
BNI SECURITIES
BNI LIFE INSURANCE BNI MULTIFINANCE
CONSOLIDATED
118.4
104.7 12.8
97.2
60.9
28.3 43.4
6.8 1.9
2.3
4.3 4,634
25,454 3,043
22,368 23,739
2,255 -3.6 -5.7
2,047 1.6 864
0.7
1,152 1,166 0.9
1,101 1,258
5,869 6,157 6,367 1,145
0.0 263
-0.7 152
1Q2022 1Q2023 1Q2024 1Q2022 1Q2023 1Q2024 1Q2022 1Q2023 1Q2024
BNI REMITTANCE
HIBANK BNI VENTURES
LTD
0.0 54.5
0.9
-0.3
0.2
-0.4 15,128 28.3
19.1 512.1
15.7 11,628
9,150 15.7
508.0
10.6 10.5 9.8 507.0
8.2 504.7
4,385 4,499
1,267
1Q2022 1Q2023 1Q2024 1Q2022 1Q2023 1Q2024 1Q2023 1Q2024
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% 21.61% 21.78% 21.95%
20.52%
1.89% 1.80% 1.71%
1.85%
1.43% 1.63%
1.44% 1.46% 1.48%
1.43%
REGULATORY
REQUIREMENT 18.28% 18.30% 18.50% 18.81%
17.46%
13.8% 2.5%
Min. CAR based on (Capital Conservation
Risk Profile + add Buffer)
buffers 1.5%
(Capital Surcharge
on Systemic Bank)
9.8 %
CAR based on 9.8%
(CAR based on Risk
Risk Profile
Profile)
Mar 23 Jun 23 Sep 23 Dec 23 Mar 24
CET 1 AT 1 Tier 2 CAR
Notes:
Countercyclical buffer = 0%
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BASEL 3 Capital Requirement and BNI Capital Realization
BBNI CAPITAL REALIZATION
2021 2022 2023
CAPITAL 2022 2023 1Q24
I Common Equity Tier I Capital (%)
Minimum Requirement 10.3 10.3 10.3
a Add On based on Bank's Risk Profile 1.80% 1.80% 1.80%
BNI Realization & Projection 16.0 18.9 17.5
b Minimum Common Equity Tier 1 Capital 4.50% 4.50% 4.50% II Tier I Capital (%)
Minimum Requirement 11.8 11.8 11.8
BNI Realization & Projection 17.5 20.2 18.9
c Tier 1 Capital Minimum 6.00% 6.00% 6.00%
III Total CAR Based on Risk Profile + Add Buffers
(%)
9.8 9.8 9.8
d Capital Conservation Buffer 0.00% 2.50% 2.50% 1. BNI Risk Profile (Rating 2 Sound)
2. Capital Conservation Buffer 2.5 2.5 2.5
3. Countercylical Buffer 0% - 2.5% 0 0 0
4. Capital Surcharge for DSIB Bucket
Countercyclical Buffer (Applied to all 1.5 1.5 1.5
e 0.00% 0.00% 0.00%
bank)
Minimum Requirement (%) 13.8 13.8 13.8
CAR BNI Realization (%) 19.3 22.0 20.5
f Capital Surcharge for DSIB (Bank with 1.50% 1.50% 1.50%
systemic risk) RISK WEIGHTED ASSET (BANK ONLY – Rp Tn)
2022 2023 1Q24
g Minimum Common Equity Tier 1 + Risk 7.80% 10.30% 10.30%
Profile + Additional Buffers RWA - Credit Risk 586.2 609.2 614.3
RWA - Market Risk 2.2 2.8 14.8
RWA - Operational Risk 93.0 35.0 37.4
Minimum Tier 1 Capital based on Risk
h 9.30% 11.80% 11.80%
Profile + Additional Buffers Total RWA 681.4 647.0 666.5
Total Capital 131.3 142.0 136.7
Minimum CAR + Risk Profile + Additional 11.30% 13.80% 13.80%
i
Buffers CAR - % 19.3 22.0 20.5
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Breakdown Yield Earning Asset & Interest Bearing Liabilities (bank only)
1Q23 1Q24 GROWTH YoY
BREAKDOWN EARNING ASSET
Amount (IDR Tn Yield Amount (IDR Tn) Yield Amount Yield
Loan 629.8 7.7% 686.0 7.5% 8.9% -0.2%
Non Loan 272.2 4.9% 249.9 5.2% -8.2% 0.3%
Marketable Securities 141.6 4.6% 156.3 4.5% 10.4% -0.1%
Placement 93.3 3.6% 58.9 3.9% -36.8% 0.3%
Acceptance and other receivables 37.4 8.4% 34.7 10.7% -7.3% 2.3%
Total Earning Assets 902.0 6.9% 935.9 6.9% 3.8% 0.0%
1Q23 1Q24 GROWTH YoY
BREAKDOWN INTEREST BEARING LIABILITIES
Amount (IDR Tn CoF Amount (IDR Tn) CoF Amount CoF
Third Party Fund 737.2 1.9% 770.6 2.8% 4.5% 0.9%
Current Account 284.0 1.8% 307.1 2.6% 8.1% 0.8%
Savings 226.7 0.6% 232.9 0.7% 2.7% 0.1%
Time Deposit 226.5 3.5% 230.7 5.2% 1.9% 1.7%
Borrowings & Repo 36.7 7.0% 35.9 7.8% -2.1% 0.8%
MS Issued 21.6 4.6% 22.4 4.7% 3.9% 0.1%
Total Interest Bearing Liabilities 795.5 2.6% 829.0 3.3% 4.2% 0.7%
PT Bank Negara Indonesia (Persero) Tbk. Page 66
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03 17 28 Asset Quality 35 48 ESG
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1Q2024 About BNI
BNI Shares & Rating
Historical Share Price Performance Versus JCI –
YoY trend Market Cap Movement & PBV
220
Long Term Foreign Currency BBB- 37% 200
31% 1.46
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% 8%
National Long Term Rating AA+/Stable -5%
1.06
National Short Term Rating F1+ 2020 2021 2022 2023 28-Mar-24 1.04
2020 2021 2022 2023 28-Mar-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 10.6%
Breakdown of shares ownership Retail Geographical distribution of
free float shares (as of Mar-23)
Outlook Stable Ownerships Dec 23 Mar 24
29.0% Indonesia
Foreign Long Term Bank Deposits Baa2
24.9% US & Canada
Moody's
Local Long Term Bank Deposits Baa2 Government RI 60.0% 40%
Baseline Credit Assessment Baa3 Free Float 25.8% UK & Europe
Adjusted Baseline Credit Assessment Baa3 Public - Shares 9.5% Rest of Asia
13.0%
Domestic
Counterparty Risk Assessment Baa2/p-2
7.5% Singapore
Public -
27.0% 3.3% Rest of The World
Foreign 89.4%
Pefindo Corporate Rating AAA/Stable Institutions
Issued shares 37,297,312,920 shares
PT Bank Negara Indonesia (Persero) Tbk. Page 67
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1Q2024
5 Years
Financial Data
Page 70
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03 17 28 Asset Quality 35 48 ESG
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1Q2024 5 Years Financial Data
5 Years Financial Data (1)
Consolidated Balance Sheet (IDR Bn) 2019 2020 2021 2022 2023 1Q23 1Q24
Total Assets 845,605 891,337 964,838 1,029,837 1,086,664 1,012,363 1,066,715
Placement with other banks & BI 47,777 61,329 92,290 51,569 43,794 60,099 29,921
Marketable Securities [market value] 27,447 29,947 26,053 28,556 37,408 30,823 41,238
Government Bonds [market value] 81,029 90,661 111,430 121,291 127,100 123,018 131,033
Loans (gross) 556,771 586,207 582,436 646,188 695,085 634,326 695,162
Third Party Funds 614,311 679,452 729,169 769,269 810,730 743,729 780,230
Deposit from other banks 11,926 9,372 14,377 15,245 11,894 21,753 12,825
Marketable Securities Issued 3,085 3,085 18,751 22,110 21,822 21,485 22,348
Borrowings 57,236 44,114 32,458 35,654 30,950 34,597 31,256
Shareholders’ Equity 125,004 112,872 126,520 140,198 154,733 145,063 149,702
Consolidated Profit or Loss (IDR Bn) 2019 2020 2021 2022 2023 1Q23 1Q24
Interest Income 58,532 56,173 50,026 54,659 61,472 14,804 15,875
Interest Expense (21,930) (19,021) (11,779) (13,338) (20,196) (4,396) (6,485)
Net Interest Income 36,602 37,152 38,247 41,321 41,276 10,408 9,390
Premium Income Net 1,697 1,471 1,399 1,552 1,659 377 373
Fee Based Income 11,358 11,864 13,639 14,820 14,783 3,233 3,913
Recovery 2,354 1,549 2,581 3,780 5,030 1,138 1,154
Operating Income 52,012 52,036 55,865 61,472 62,747 15,155 14,830
Operating Expense (23,687) (24,214) (24,801) (27,059) (27,778) (6,503) (6,649)
Pre-Provision Income (PPOP) 28,325 27,822 31,064 34,413 34,970 8,652 8,181
Provisioning Charges (8,838) (22,590) (18,298) (11,514) (9,196) (2,149) (1,744)
Non-Operational Inc/(Exp) (118) (119) (216) (212) (134) (46) -
Net Income before tax 19,369 5,113 12,551 22,687 25,641 6,457 6,437
Net Income 15,384 3,280 10,898 18,312 20,909 5,221 5,326
PT Bank Negara Indonesia (Persero) Tbk. Page 69
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03 17 28 Asset Quality 35 48 ESG
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1Q2024 5 Years Financial Data
5 Years Financial Data (2)
Financial Ratios (%) 2019 2020 2021 2022 2023 1Q23 1Q24
LOAN Growth [Consolidated] 8.6 5.3 5.3 10.9 7.6 7.2 9.6
CASA Ratio [Consolidated] 66.6 68.5 69.4 72.4 71.2 68.9 69.7
CASA Growth [Consolidated] 9.1 5.6 17.1 10.1 3.6 6.9 6.0
CAPITAL
Shareholders equity to total asset 14.8 12.7 13.1 13.6 14.2 14.3 14.0
Tier I - CAR (include operational risk) 18.7 15.7 17.7 17.5 20.2 19.7 18.9
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 20.5
ASSET QUALITY
Net Non-Performing Loan 1.2 0.9 0.9 0.5 0.6 0.5 0.7
Gross Non-Performing Loan 2.3 4.3 3.7 2.8 2.1 2.8 2.0
Credit Cost 1.6 4.1 3.3 1.9 1.3 1.4 1.0
NPL Coverage 133.5 182.4 233.4 278.3 319.0 286.8 330.2
RENTABILITY
Pre-Tax ROAA 2.4 0.5 1.4 2.5 2.6 2.7 2.5
ROAE* 13.4 2.6 9.4 14.9 15.2 15.5 14.5
Net Interest Margin 4.9 4.5 4.7 4.8 4.6 4.7 4.0
EFFICIENCY
Cost to Income Ratio 43.9 44.2 43.3 42.6 42.9 41.7 43.2
LIQUIDITY
Loan to Deposit Ratio 91.5 87.3 79.7 84.2 85.8 85.4 89.0
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
PT Bank Negara Indonesia (Persero) Tbk. Page 70
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1Q2024 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 Sekuritas Andre Benas andre.benas@bcasekuritas.co.id
3 CGS-CIMB Handy Noverdanius handy.noverdanius@cgs-cimb.com
4 Ciptadana Sekuritas 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 Sekuritas 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.nurcahayadi@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 Sekuritas Kresna Hutabarat Kresna.hutabarat@mandirisek.co.id
17 Maybank Sekuritas Jeffrosenberg Chenlim Jeffrosenberg.lim@maybank.com
18 Mirae Asset Sekuritas 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@verdhanaindonesia.com
22 RHB Research David Chong David.chongvc@rhbgroup.com
23 Samuel Securities Suria Dharma Suria.dharma@samuel.co.id
24 Sucor Sekuritas Edward Lowis Edward.lowis@sucorsekuritas.com
25 Trimegah Securities Adi Prabowo adi.prabowo@trimegah.com
26 UOB Kay Hian Posmarito Pakpahan posmarito@uobkayhian.com
27 UBS Joshua Tanja Joshua.tanja@ubs.com
PT Bank Negara Indonesia (Persero) Tbk. Page 71
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Thank You PT BANK NEGARA INDONESIA (PERSERO) TBK.
Names mentioned 55 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Departemen Pengawasan Bank Pemerintah
p.1
unresolved
org
PT Bank Necara
p.1
unresolved
person
Newly Appointed
· Director
p.8
unresolved
org
Non-Operational Inc
p.22 ×2
unresolved
org
Bank Indonesia
p.25 ×4
unresolved
org
Bank Mayora
p.25 ×2
unresolved
org
Ministry of Environment Life and Forestry
p.52
unresolved
—
CEO
· President Director
p.58
unresolved
org
Jaminan Kredit Indonesia (Persero) Tbk
p.58 ×2
unresolved
—
CFO
· Director
p.58
unresolved
org
Enterprise
· Director
p.58
unresolved
org
Hibank Indonesia (Persero) Tbk
p.58
unresolved
org
Minister of Foreign Affairs
p.59
unresolved
org
Indonesia (Persero) Tbk
p.59
unresolved
org
PT. Panah Perak
p.59
unresolved
org
Minister of State-Owned Enterprise
p.59
unresolved
org
PT. Bank Tabungan
p.59
unresolved
org
PT Jasamarga Mining
p.59
unresolved
org
Negara (Persero) Tbk
p.59
unresolved
org
PT. Jiwasraya (Persero)
p.59
unresolved
org
PT Roda Pembangunan Jaya
p.59
unresolved
org
PT. Bank Rakyat Indonesia ERWIN RIJANTO SLAMET
p.59
unresolved
org
Ministry of Finance
p.59
unresolved
org
PT Bahana Pembinaan General
p.59
unresolved
org
Ministry of State Secretariat
p.59
unresolved
org
BNI VENTURES LTD
p.64
unresolved
org
Bank Deposits
p.68 ×2
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